Metalpha Appoints New CFO

Rhea-AI Summary

Metalpha Technology Holding (Nasdaq: MATH) announced the appointment of Mr. Pengyuan Fan as Chief Financial Officer, effective November 28, 2024. Fan brings over 15 years of experience from positions at a high-frequency trading firm, Royal Bank of Scotland, and UBS in London. He holds BA and MA degrees in Engineering from Cambridge University and is a Fellow of Chartered Accountant. He replaces Mr. Xiaohua Gu, who served as CFO since 2016 and is stepping down voluntarily to pursue new opportunities.

Positive

• Appointment of new CFO with strong financial sector experience
• New CFO brings expertise from major institutions (RBS, UBS)
• Smooth transition with amicable departure of previous CFO

Negative

• Loss of continuity with departure of long-serving CFO (since 2016)

HONG KONG, Nov. 28, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, today announced the appointment of Mr. Pengyuan Fan as Chief Financial Officer of the Company ("CFO"), effective on November 28, 2024.

Mr. Pengyuan Fan brings over 15 years' experience of key positions at a leading high-frequency trading firm, Royal Bank of Scotland and UBS in London. Mr. Fan graduated with both Bachelor of Arts (BA) and Master of Arts (MA) in Engineering from the University of Cambridge UK, and is a Fellow of Chartered Accountant (FCA) of ICAEW.

Mr. Xiaohua Gu, who had served as CFO since 2016, is stepping down voluntarily to pursue new opportunities. The Company wishes to express its profound gratitude for Mr. Gu's contributions over the years. The transition is amicable, and both parties remain aligned in their shared commitment to Metalpha's success.

This appointment marks an important step in Metalpha's ongoing mission to deliver innovative financial solutions and drive sustainable growth in the crypto industry.

About Metalpha Technology Holding Limited

Founded in 2015, Metalpha Technology Holding Limited (Nasdaq: MATH) went public on October 20, 2017. The listed Company, through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause Metalpha's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/metalpha-appoints-new-cfo-302318278.html

SOURCE Metalpha Technology Holding Limited

FAQ

Who is the new CFO of Metalpha (MATH)?

Pengyuan Fan was appointed as the new CFO of Metalpha (MATH), effective November 28, 2024.

What is Pengyuan Fan's background before joining Metalpha (MATH)?

Fan has over 15 years of experience at a high-frequency trading firm, Royal Bank of Scotland, and UBS in London, and holds engineering degrees from Cambridge University.

Who did Pengyuan Fan replace as CFO at Metalpha (MATH)?

Fan replaced Xiaohua Gu, who had served as CFO since 2016 and voluntarily stepped down to pursue new opportunities.

When did Metalpha (MATH) announce its new CFO appointment?

Metalpha announced the appointment of Pengyuan Fan as CFO on November 28, 2024.