OFX appoints Connie Carnabuci as non-exec director

Maria Nikolova

Ms Carnabuci will become a Non-Executive Director, joining the Board of OFX effective April 1, 2019.

Provider of online payment services OFX Group Ltd (ASX:OFX) has earlier today announced some changes to its Board. The company advises the appointment of Ms Connie Carnabuci as a Non-Executive Director to the Board of OFX effective April 1, 2019. Ms Carnabuci will also be appointed to the Remuneration and Nomination Committee.

Connie Carnabuci has more than 30 years of experience in legal practice, management and strategy, including significant private practice advice and deal experience in Asia in the technology, telecoms, new media (digital online), FMCG and renewable energy sectors, with a particular focus on China.

She is the General Counsel for the ABC where she was appointed to support the ABC Board and Leadership Team and advise on risk and strategy as the ABC progresses its digital transformation agenda.

Prior to her role at the ABC, Ms Carnabuci was a Partner at Freshfields Bruckhaus Deringer in Hong Kong leading the firm’s IP/TMT practice in Asia. She also served as Co-head of the firm’s global technology practice. Before moving to Hong Kong, Connie practiced in Australia for 11 years, including as a Partner at Mallesons Stephen Jacques (now King and Wood Mallesons). She began her career as the Associate to the Honourable Justice Wilcox, Federal Court of Australia.

Ms Carnabuci holds a Bachelor of Commerce (Marketing) (with Merit) and Bachelor of Laws and is a Member of the UNSW Business School Advisory Council and a Graduate of the Australian Institute of Company Directors.

OFX’s Chairman, Mr Steve Sargent stressed the high value ofMs Carnabuci’s expertise:

“We are very pleased to welcome Connie to the OFX Board. Connie is a highly respected international lawyer with deep expertise in commercial, technology and innovation law. Her experience with working on commercial partnerships with some of the leading digital market platforms strengthens the existing skill set of the Board. Connie’s extensive experience in Asia, including China, will also strengthen our understanding of the region as we continue to pursue our strategic growth agenda of regional expansion and partnerships.”

Read this next

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

Executive Moves

Financial Commission Adds Sam Low to Dispute Resolution Committee

The Financial Commission (FinaCom PLC), a dispute resolution service that caters to the financial services industry, has appointed Sam Low as the newest member of its Dispute Resolution Committee (DRC).

Digital Assets, Uncategorized

De-facto owner of Bithumb exchange arrested in South Korea

South Korean prosecutors have arrested Kang Jong-Hyun, the anonymous chairman and owner of the country’s largest cryptocurrency exchange, Bithumb, on charges of embezzlement and stock manipulation.

Retail FX

Interactive Brokers volumes snap three-month losing streak

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January, an indication that investor confidence in the financial markets is rebounding after having been fairly mixed over the past few months.

Digital Assets

VVF invests $5 million in Everscale, a potential Layer 2 solution for Venom blockchain

“For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Institutional FX

FXSpotStream volume ends string of declines on January rebound

Trading volumes on institutional FX platforms surged in January as traders increased their bets on central bankers’ policy with evidence mounting that inflation and economic growth are both losing momentum.

Industry News

DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

Industry News

Morgan Stanley launches ETF platform with six ESG-focused products by Calvert

“These new ETFs will resonate strongly with investors who seek competitive investment results while promoting positive change and supporting companies that are leaders in improving long-term shareholder value and societal outcomes.”