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Currenc Group (IFIN) names independent director Kevin Chen to audit committee

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Currenc Group Inc. reported that its board has determined director Kevin Chen now qualifies as an independent director under Rule 10A-3, the Sarbanes-Oxley Act, Nasdaq rules and the company’s governance guidelines. As a result, the board has appointed him as a member of the audit committee, effective immediately.

Mr. Chen is currently Chief Economist and Chief Investment Officer of Horizon Financial and has over 20 years of finance experience, including senior roles at Credit Agricole, Amundi Asset Management and Morgan Stanley. Following his appointment, the audit committee comprises Eng Ho Ng (Chair), Eric Weinstein and Kevin Chen, all of whom the board considers independent. The company states there are no special arrangements, family relationships or related-party transactions involving Mr. Chen that require disclosure.

Positive

  • None.

Negative

  • None.

Insights

Audit committee strengthened with an additional independent director, a routine but constructive governance move.

The board of Currenc Group Inc. has reclassified existing director Kevin Chen as independent under Rule 10A-3, the Sarbanes-Oxley Act and Nasdaq rules, and added him to the audit committee. This aligns the committee composition with common U.S. and Nasdaq expectations that audit committee members be independent.

Mr. Chen brings more than 20 years of finance experience, including senior investment and asset allocation roles at large financial institutions, which is relevant to overseeing financial reporting and internal controls. The filing also clarifies that there are no special arrangements, family relationships or related-party transactions tied to his role, which supports perceived independence.

From an investor standpoint, this appears to be a standard governance update rather than a transformative change. It indicates attention to regulatory compliance and committee independence, but it does not on its own alter the company’s financial outlook or strategy.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File No. 001-41079

 

Currenc Group Inc.

(Translation of registrant’s name into English)

 

410 North Bridge Road,

Spaces City Hall,

Singapore

 

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Determination of Independence and Appointment to Audit Committee

 

On September 5, 2025, the board of directors of Currenc Group Inc. (the “Company”) determined that Mr. Kevin Chen, an existing director of the Company, now qualifies as an “independent director” under Rule 10A-3 of the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, the applicable rules of The Nasdaq Global Market and the Company’s corporate governance guidelines. As a result, the board has appointed Mr. Chen to serve as a member of the Company’s audit committee, effective immediately.

 

Mr. Chen currently serves as Chief Economist and Chief Investment Officer of Horizon Financial. He has over 20 years of experience in finance, including prior roles as Senior Portfolio Manager at Credit Agricole and Amundi Asset Management and Director of Asset Allocation at Morgan Stanley. Mr. Chen holds a Ph.D. in Finance and has served on the boards of several publicly listed companies.

 

Following Mr. Chen’s appointment, the audit committee consists of Eng Ho Ng (Chair), Eric Weinstein and Mr. Chen, each of whom the board has determined to be independent under applicable Securities and Exchange Commission and Nasdaq rules.

 

There are no arrangements or understandings between Mr. Chen and any other person pursuant to which he was selected as a director or appointed to the audit committee. Mr. Chen does not have any family relationships with any director or executive officer of the Company, and there are no transactions in which Mr. Chen has an interest requiring disclosure under Item 7.B of Form 20-F.

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 8, 2025

 

  CURRENC GROUP INC.
     
  By: /s/ Wan Lung Eng
  Name: Wan Lung Eng
  Title: Chief Financial Officer

 

3

 

 

 

FAQ

What governance change did Currenc Group Inc. (IFIN) disclose in this 6-K?

Currenc Group Inc. disclosed that its board determined director Kevin Chen now qualifies as an independent director and has appointed him to the audit committee, effective immediately.

Why is Kevin Chen considered an independent director at Currenc Group Inc. (IFIN)?

The board concluded that Kevin Chen meets independence standards under Rule 10A-3 of the Exchange Act, the Sarbanes-Oxley Act, applicable Nasdaq Global Market rules and the company’s corporate governance guidelines.

Who are the members of Currenc Group Inc.’s (IFIN) audit committee after this change?

After the change, the audit committee consists of Eng Ho Ng (Chair), Eric Weinstein and Kevin Chen, and the board has determined that each is independent under SEC and Nasdaq rules.

What is Kevin Chen’s professional background as noted by Currenc Group Inc. (IFIN)?

Kevin Chen is the Chief Economist and Chief Investment Officer of Horizon Financial and has over 20 years of finance experience, including roles as Senior Portfolio Manager at Credit Agricole and Amundi Asset Management and Director of Asset Allocation at Morgan Stanley.

Are there any related-party transactions or family relationships involving Kevin Chen at Currenc Group Inc. (IFIN)?

The company states that Mr. Chen has no family relationships with any director or executive officer and that there are no transactions involving him that require disclosure under Item 7.B of Form 20-F.

Was Kevin Chen appointed to the Currenc Group Inc. (IFIN) audit committee through any special arrangement?

No. Currenc Group Inc. reports there are no arrangements or understandings between Kevin Chen and any other person pursuant to which he was selected as a director or appointed to the audit committee.
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