Capital Markets Technologies “CMT” (OTC:CMKT) today announced that three of its former Board members – Peter Feit, Andy Aziz and Thomas Honey – have resigned from the Board and have been replaced by three new appointees as part of its corporate restructuring plans.
The new appointees are Nick Warden, Nigel Woodward and Gary Jessop.
The company has been focused in late 2009 on preparing its structure to address what its expects to be an exciting 2010 and future as the global economy and financial services responds to increasing positive trading conditions.
Nick Warden is a partner in Hatch, a UK accountancy firm and will undertake the role of CFO. Mr Warden brings a depth of fiscal skills, procedures and disciplines to the group.
Gary Jessop, partner at Blake, Cassels & Graydon LLP, one of Canada’s leading law firms will be legal counsel and advise on M&A.
Nigel Woodward, Worldwide Director of Financial Services at Intel Corporation brings 30 years of experience in financial services and technology after successful careers in many of the major multi nationals which have shaped the industry as we know it today.
These include GE, Thomson Reuters, Digital Equiment Corp and SUN Microsystems.
Woodward confirms, “I see a significant and exciting opportunity for CMT and its strategy. As the market adapts to the impact of MiFID, the PSD and SEPA, as well as the fall-out from the financial crisis, new approaches around cloud computing, online business and service models technology will continue to be both an enabling and disruptive force, bringing new paradigms and replacing inefficient practice.
I look forward to the execution of CMT’s strategy being a catalyst in many of the new developments we see across payments, STP, cash and securities settlement, supply chain and beyond.
With its current assets which include equity stakes in a SWIFT service bureau company as well as securities IP, and ownership of an IT resourcing firm, CMT is well positioned for the road ahead.”
As its first set of actions, the new Board will bring the company’s filings up to date and explain the company’s future plans for 2010 and beyond.
