REG - GSTechnologies Ltd - Appointment of Non-Executive Director

GSTechnologiesAnnouncement

04/01/2024 07:00

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RNS Number : 5624Y  GSTechnologies Ltd  04 January 2024

4 January 2024

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Appointment of Non-Executive Director

GSTechnologies Limited (LSE: GST), the fintech company, is pleased to announce
the appointment of Lord James Christopher Douglas Wellesley ("Lord Christopher
Wellesley") as a Non-Executive Director of the Company with immediate effect.

Lord Christopher Wellesley is an experienced banking and capital markets
executive with over 30 years' experience in senior roles based in the UK, Hong
Kong and the USA.  Having started his career in the UK with County Natwest
Securities in 1985, Lord Wellesley moved to Hong Kong in 1988 as a senior
market maker.  He joined Merrill Lynch in Hong Kong in 1992, where he ran the
bank's Asian market making desk covering London listed Asian equities, before
moving to the US with Merrill Lynch in 2000.  Returning to the UK in 2003 he
held a number of senior equity trading roles, including with Tristone Capital,
which was acquired by Macquarie, where between 2005 and 2012 he established
and ran their UK trading operations.  Over the past five years Lord Wellesley
has focussed on a number of advisory and interim managerial roles and he is
currently a director of a number of private businesses and not-for-profit
organisations.

Lord Wellesley has been working with the Group in the UK since September 2023
and is assisting GST with the development of its borderless neobanking
platform providing next-generation digital money solutions.  It is intended
that Lord Wellesley will be appointed Chief Executive Officer of Angra Limited
in due course, assuming receipt of the required UK Financial Conduct Authority
(FCA) approval.

Tone Goh, Chairman of GST, commented: "We are delighted that Lord Wellesley is
joining the GST board.  He has significant international capital markets and
trading experience that has already proved to be very valuable to the Group.
We will now be able to benefit from his experience and guidance at the board
level as we continue to roll out our GS Money solutions."

Other than as set out in this announcement there are no further disclosures
required in respect of Lord Christopher Wellesley under paragraph 9.6.13 of
the Listing Rules.

Enquiries:

 

The Company

Tone Goh, Executive Chairman

+65 6444 2988

 

Financial Adviser

VSA Capital Limited

+44 (0)20 3005 5000

Simon Barton / Thomas Jackson

 

Broker

CMC Markets

+44 (0)20 3003 8632

Douglas Crippen

 

Financial PR & Investor Relations

IFC Advisory Limited

Tim Metcalfe / Graham Herring / Florence Chandler

+44 20 (0) 3934 6630

gst@investor-focus.co.uk

 

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