UPDATE - MoneyHero Group Announces Resignation of Chief Financial Officer
MoneyHero (Nasdaq: MNY) announced the resignation of CFO Hao Qian, effective December 15, 2024. The company has appointed Danny Leung, current Group Finance Director, as interim CFO. Leung, who joined MoneyHero in 2024, brings over two decades of finance experience across growth-stage businesses and public companies.
Prior to MoneyHero, Leung served as Senior Financial Controller at Marga Group and Financial Controller at Kontafarma China Holdings. The outgoing CFO, Qian, cited personal reasons for his departure, wanting to be closer to family in China. During his tenure, Qian helped improve finance functions, restructured teams, cut costs, and streamlined revenue streams.
The company has initiated a formal search process for a permanent CFO with support from global executive search advisors.
MoneyHero (Nasdaq: MNY) ha annunciato le dimissioni del CFO Hao Qian, con effetto dal 15 dicembre 2024. L'azienda ha nominato Danny Leung, attuale Direttore Finanziario di Gruppo, come CFO ad interim. Leung, che è entrato in MoneyHero nel 2024, porta con sé oltre vent'anni di esperienza in ambito finanziario in aziende in fase di crescita e società quotate.
Prima di unirsi a MoneyHero, Leung ha ricoperto il ruolo di Senior Financial Controller presso Marga Group e di Financial Controller presso Kontafarma China Holdings. Il CFO uscente, Qian, ha citato motivi personali per la sua partenza, esprimendo il desiderio di avvicinarsi alla famiglia in Cina. Durante il suo incarico, Qian ha contribuito a migliorare le funzioni finanziarie, ristrutturare i team, ridurre i costi e semplificare i flussi di entrate.
L'azienda ha avviato un processo di ricerca formale per un CFO permanente con il supporto di consulenti globali per la ricerca di dirigenti.
MoneyHero (Nasdaq: MNY) anunció la renuncia del CFO Hao Qian, que será efectiva el 15 de diciembre de 2024. La compañía ha designado a Danny Leung, actual Director Financiero del Grupo, como CFO interino. Leung, quien se unió a MoneyHero en 2024, aporta más de dos décadas de experiencia financiera en empresas en crecimiento y compañías públicas.
Antes de MoneyHero, Leung se desempeñó como Controlador Financiero Senior en Marga Group y Controlador Financiero en Kontafarma China Holdings. El CFO saliente, Qian, citó razones personales para su salida, deseando estar más cerca de su familia en China. Durante su mandato, Qian ayudó a mejorar las funciones financieras, reestructuró los equipos, redujo costos y simplificó los flujos de ingresos.
La compañía ha iniciado un proceso de búsqueda formal para un CFO permanente con el apoyo de asesores globales de búsqueda ejecutiva.
MoneyHero (Nasdaq: MNY)는 CFO 하오 친이 2024년 12월 15일부터 사임한다고 발표했습니다. 회사는 현재 그룹 재무 이사인 대니 리앙을 임시 CFO로 임명했습니다. 2024년 MoneyHero에 합류한 리앙은 성장 단계 기업 및 상장 회사에서 20년 이상의 재무 경험을 보유하고 있습니다.
MoneyHero에 합류하기 전, 리앙은 Marga Group의 수석 재무 관리자로 그리고 Kontafarma China Holdings의 재무 관리자 역할을 맡았습니다. 사임하는 CFO인 친은 개인적인 이유로 회사를 떠나기로 결정했으며, 가족과 더 가까이 지내고자 한다고 밝혔습니다. 재직 기간 동안 친은 재무 기능 개선, 팀 재구성, 비용 절감 및 수익 흐름 간소화에 기여했습니다.
회사는 글로벌 경영진 검색 자문과 협력하여 상근 CFO를 위한 공식적인 검색 절차를 시작했습니다.
MoneyHero (Nasdaq: MNY) a annoncé la démission de son CFO Hao Qian, effective le 15 décembre 2024. L'entreprise a nommé Danny Leung, directeur financier du groupe actuel, comme CFO par intérim. Leung, qui a rejoint MoneyHero en 2024, apporte plus de vingt ans d'expérience financière dans des entreprises en croissance et des sociétés cotées en bourse.
Avant de rejoindre MoneyHero, Leung a été contrôleur financier senior chez Marga Group et contrôleur financier chez Kontafarma China Holdings. Le CFO sortant, Qian, a cité des raisons personnelles pour son départ, souhaitant se rapprocher de sa famille en Chine. Pendant son mandat, Qian a contribué à améliorer les fonctions financières, à restructurer les équipes, à réduire les coûts et à rationaliser les flux de revenus.
L'entreprise a lancé un processus de recherche formel pour un CFO permanent avec le soutien de conseillers en recherche de cadres à l'échelle mondiale.
MoneyHero (Nasdaq: MNY) gab die Rücktritt von CFO Hao Qian bekannt, der am 15. Dezember 2024 wirksam wird. Das Unternehmen hat Danny Leung, den aktuellen Finanzdirektor des Unternehmens, als vorläufigen CFO ernannt. Leung, der 2024 zu MoneyHero kam, bringt über zwei Jahrzehnte Erfahrung im Finanzbereich in wachstumsorientierten Unternehmen und börsennotierten Gesellschaften mit.
Vor MoneyHero war Leung als Senior Financial Controller bei Marga Group und als Financial Controller bei Kontafarma China Holdings tätig. Der scheidende CFO, Qian, nannte persönliche Gründe für seinen Rücktritt und möchte näher bei seiner Familie in China sein. Während seiner Amtszeit half Qian, die Finanzfunktionen zu verbessern, Teams umzustrukturieren, Kosten zu senken und Einnahmequellen zu optimieren.
Das Unternehmen hat einen formellen Suchprozess nach einem festen CFO mit Unterstützung von globalen Führungskräfte-Suchberatern eingeleitet.
- Smooth transition plan with experienced interim CFO appointment
- Previous CFO implemented cost-cutting and revenue streamlining measures
- New interim CFO brings 20+ years of relevant financial experience
- Unexpected departure of CFO could create temporary leadership uncertainty
- Potential disruption in financial strategy during transition period
Senior finance executive Danny Leung, the Company’s Group Finance Director, named interim CFO
MoneyHero launches formal search process for its next permanent CFO, supported by leading global executive search advisors
SINGAPORE, Dec. 13, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a market leading personal finance aggregation and comparison platform in Greater Southeast Asia, today announced the resignation of Hao Qian, the Company’s Chief Financial Officer (“CFO”), effective December 15, 2024. In connection with this development, the Company and its Board of Directors have appointed Danny Leung, MoneyHero’s Group Finance Director, to serve as its interim CFO throughout this transitional period.
“We thank Hao for his many contributions and support his personal decision to step down and move back to China to be closer to his family,” said Rohith Murthy, CEO of MoneyHero. “During his tenure with us, Hao helped MoneyHero further improve its finance and accounting functions to better-position the business for continued growth, profitability, and life as a U.S. listed company. This includes restructuring our teams, cutting costs, and streamlining our revenue streams. On behalf of everyone at MoneyHero, I want to wish him well in his next chapter. Importantly, I also want to congratulate Danny Leung on being named MoneyHero’s new interim CFO. This is the right appointment for this role, and our executive leadership team and Board of Directors look forward to working more closely with Danny throughout this transition and search process for our next permanent CFO.”
A senior finance and accounting executive with more than two decades of diverse experience across growth-stage businesses, multinational organizations, and publicly traded companies, Mr. Leung joined MoneyHero in 2024 as the Company’s Group Director of Finance, charged with helping to build and manage the Company’s financial systems. Prior to joining MoneyHero, Mr. Leung was the Senior Financial Controller of Marga Group, where he worked closely with the Chairman and CEO to oversee financial operations and drive growth within the telecommunications and property development sectors. Before Marga Group, Mr. Leung was a Financial Controller with Kontafarma China Holdings Ltd, where he helped the business aggressively, but prudently expand through numerous successful acquisitions. He started his career as Internal Audit Manager with Lee Kum Kee, and earlier as an Audit Manager with the global consulting firm, Deloitte Touche Tohmatsu. Mr. Leung holds a B.A. in accounting from the University of Toronto and an MBA from the University of Hong Kong. He will work closely with the Company’s executive team, Board of Directors, and Audit Committee in the coming weeks to ensure a seamless transition of the CFO role and responsibilities.
“It has been an honor to serve as the CFO of MoneyHero,” said Mr. Qian, outgoing CFO of MoneyHero. “Moving on from this dynamic team and growing company was a very difficult decision, but it is necessary for me at this time. This said, I am confident I am leaving MoneyHero in great hands under the incredible leadership of Rohith and the Board of Directors, who have built a world-class organization and fintech disrupter that is well-positioned for continued success.”
To help identify its next permanent CFO, MoneyHero, which has a long and proven track record of attracting and retaining top talent, has engaged leading global executive search advisors to launch a formal search process.
For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com.
About MoneyHero Group
MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector throughout Greater Southeast Asia. The Company operates in the emerging markets of Singapore, Hong Kong, Taiwan, and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax, and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. Enterprise-wide, MoneyHero had over 270 commercial partner relationships as of September 30, 2024, and had approximately 7.4 million Monthly Unique Users across its platform for the three months ended September 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.
For investor and media inquiries, please contact:
Investor Relations:
MoneyHero IR Team
IR@MoneyHeroGroup.com
Media Relations:
Gaffney Bennett PR
MoneyHero@gbpr.com
FAQ
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