Thursday, May 23, 2024

CFO Resigns from MoneyHero Group


MoneyHero Group Announces Resignation of Chief Financial Officer

SINGAPORE, Feb. 08, 2024 — In a significant corporate announcement today, MoneyHero Limited, a leading aggregation and comparison platform for personal finance in Greater Southeast Asia, disclosed the resignation of Shaun Kraft from his dual role as Chief Financial Officer (CFO) and Chief Operating Officer (COO), effective May 4, 2024. Following his departure, Kraft will continue to lend his expertise to MoneyHero in an advisory capacity to ensure a smooth transition of his responsibilities.

Prashant Aggarwal, the Chief Executive Officer of MoneyHero, extended his gratitude towards Kraft for his invaluable contributions during his tenure of over eight years. “Shaun has played a pivotal role in shaping MoneyHero into a dominant force in the market and steering its listing on the U.S. stock exchange. He has not only been an exemplary team player and leader but also instrumental in enhancing our finance, human resources, legal, corporate development, and operations departments. While we bid him farewell, his legacy will continue to inspire us, and we wish him success in his future undertakings,” Aggarwal stated.

In the wake of this transition, MoneyHero has appointed Ivan Ho, the Group Finance Director, as the interim CFO. Ho, who has been a part of MoneyHero since 2019, boasts a rich background in finance and accounting operations, having previously held significant positions at Nest Management Limited, Prada, and Inditex. A Business Management graduate from the Chinese University of Hong Kong, Ho’s expertise is expected to guide MoneyHero smoothly through this period of change. Meanwhile, Kraft’s COO duties will be overseen by Aggarwal along with other senior members of the team. The company is in the process of enhancing its senior management team and will announce a permanent CFO successor among other additions soon.

Reflecting on his tenure, Kraft shared, “It has been an extraordinary journey to witness MoneyHero’s evolution from a humble startup to a paramount personal finance platform in Greater Southeast Asia. I am confident in MoneyHero’s robust positioning for continued prosperity and am looking forward to its future achievements.”

About MoneyHero Group

MoneyHero Group, previously known as Hyphen Group or CompareAsia Group, is a frontrunner in the online personal finance aggregation and comparison sector, operating across Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia. The company, recognized for managing 279 commercial partner relationships and attracting 8.7 million Monthly Unique Users as of December 31, 2023, strives to empower the digital economy in the Asia Pacific region through its innovative financial technology solutions.

Forward Looking Statements

This communication details certain expectations and projections regarding MoneyHero’s future performance. These forward-looking statements involve various risks and uncertainties, including economic, market, and operational changes, that could substantially alter the company’s actual results. While these statements reflect our current forecasts and predictions, they are subject to inherent uncertainties and business conditions, meaning actual outcomes may differ materially. MoneyHero undertakes no obligation to update these statements in the future, even if new information becomes available or other events occur.

Alex Sterling
Alex Sterling
Alex Sterling is a seasoned journalist with over a decade of experience covering the dynamic world of business and finance. With a keen eye for detail and a passion for uncovering the stories behind the headlines, Alex has become a respected voice in the industry. Before joining our business blog, Alex reported for major financial news outlets, where they developed a reputation for insightful analysis and compelling storytelling. Alex's work is driven by a commitment to provide readers with the information they need to make informed decisions. Whether it's breaking down complex economic trends or highlighting emerging business opportunities, Alex's writing is accessible, informative, and always engaging.

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