EQONEX Limited (NASDAQ: EQOS) ("EQONEX" or the "Company"), a digital assets financial services company, today announced the appointment of Daniel Ling as Chief Financial Officer (CFO) and Member of the Executive Committee, effective immediately. Daniel was recently appointed to the EQONEX Board of Directors as part of the Company’s strategic partnership with Bifinity UAB (“Bifinity”), a payments technology company.
Concurrently, Paul Ewing, the Company’s previous CFO, has been appointed as Chief Operating Officer (COO), effective immediately. Andrew Eldon resigned from his position as COO to pursue other opportunities.
Under the terms of the strategic partnership announced in early March 2022, Bifinity has the right to nominate key management positions and Board members. Jonathan Farnell, EQONEX CEO and Almira Cemmell, EQONEX Chief Corporate Affairs Officer were previously appointed to the management team.
Prior to joining EQONEX, Daniel served as the Director of Strategy for Bifinity UAB (“Bifinity”). Daniel has more than 27 years of financial and risk management experience, having held various roles at Bridgewater Associates, PricewaterhouseCoopers, the Singapore Exchange and ShoreVest Capital. In his role prior to joining Bifinity, Daniel served as the Chief Financial Officer of Pujiang International Group, a Hong Kong-listed technology-based manufacturing group. Daniel graduated with a Bachelor of Arts degree from Dartmouth College and received his Master of Business Administration degree from Booth School of Business at University of Chicago.
Prior to joining the EQONEX team four years ago, Paul served as the Chief Financial Officer for a proprietary trading business with a focus on financial markets and digital assets. He has spent more than 15 years working in Asia and was the former regional Chief Financial Officer at ICAP, as well as regional Chief Operating Officer for ICAP’s electronic broking division. Paul is also a member of the Institute of Chartered Accountants for England and Wales.
Jonathan Farnell, EQONEX CEO, said, “Daniel brings with him extensive experience and credentials gained through his time with leading financial institutions. We are pleased to welcome Daniel to the team during this transformative moment for the Company.”
“Daniel’s skills and outlook will compliment and augment the expertise within the EQONEX executive management team, including Paul Ewing in his new capacity as COO. Paul’s deep institutional knowledge will be invaluable in helping to shape the Company’s strategic direction.”
Paul Ewing said, “Over the past four years, we have witnessed a transformation of the crypto industry to become much more institutional and mainstream and have strategically positioned EQONEX at the forefront of this trend to take advantage of the enormous growth opportunities this presents. I am delighted to take on this new challenge as COO and continue my journey with EQONEX’s exceptional team. I look forward to working closely with Daniel and driving the Company through the next stage of its growth.”
Daniel Ling said, “It is exciting to join EQONEX at such an important time in the Company’s history and I’m looking forward to contributing to the Company’s strategic plan to deliver institutionally-focused crypto products and services in a compliance-first way.”
EQONEX Chairman Chi-Won Yoon said, “I would like to thank Andrew for his significant contributions in helping facilitate the transition towards this strategic partnership with Bifinity. Andrew played an instrumental role in driving forward key business initiatives over the past few months where he also provided valued leadership when he stepped-up to the position of interim CEO. We wish Andrew continued success in his future endeavors.”
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EQONEX today made available the following letter to shareholders from EQONEX Chairman Mr. Chi-Won Yoon, outlining the company’s strategic plan and outlook for 2022 and beyond.