SINGAPORE - MoneyHero Limited (NASDAQ:MNY), a leading personal finance platform in Greater Southeast Asia trading at $1.09 per share, has announced the resignation of its Chief Financial Officer (CFO), Hao Qian, effective December 15, 2024. The announcement comes as the company's stock has declined nearly 48% over the past six months, according to InvestingPro data. Following Qian's decision to step down for personal reasons, the company's Group Finance Director, Danny Leung, has been named interim CFO. The transition comes at a crucial time as MoneyHero maintains a strong liquidity position with a current ratio of 2.46, indicating its ability to meet short-term obligations.
CEO Rohith Murthy expressed gratitude to Qian for his contributions, particularly in enhancing the company's finance and accounting functions and positioning MoneyHero for growth as a U.S. listed company. Murthy also welcomed Leung as the interim CFO and affirmed the executive team's support for him during the transition.
Leung, who joined MoneyHero in 2024, brings over two decades of experience from growth-stage to multinational and publicly traded companies. He has previously held positions at Marga Group and Kontafarma China Holdings Ltd, and began his career with Lee Kum Kee and Deloitte Touche Tohmatsu.
The outgoing CFO, Qian, expressed confidence in leaving the company in capable hands, citing the leadership of Murthy and the Board of Directors.
MoneyHero, known for attracting top talent, has engaged global executive search advisors to find a permanent CFO. The company, with its diverse brand portfolio and equity stake in Jirnexu Pte. Ltd., reported approximately 7.4 million Monthly Unique Users as of September 30, 2024. With the company's next earnings report due on December 20, 2024, investors can access comprehensive financial analysis and additional insights through InvestingPro, which features 8 more key investment tips for MoneyHero.
The information for this article is based on a press release statement from MoneyHero Limited.
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