LONDON, UK, Feb. 7, 2018 /CNW/ - Fineqia International Inc. (the "Company" or "Fineqia") (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) is pleased to announce the formation of an advisory group of experts on distributed ledger technologies, commonly referred to as the blockchain.
The set up of this group is in line with the Company's strategic shift toward investments in and acquisitions of companies developing and propagating blockchain based financial solutions that are adjunct to the Company's core business of placing debt and equity securities.
Rudra Dalmia, one of Fineqia's current advisors, is setting up the investment advisory group. He was previously the Managing Director of Danish investment bank Saxo Bank's India entity, Saxo Financial Services Private Limited. Mr Dalmia is also an advisor to family investment offices in Europe and India and a consultant to Swordfish Investments LLP, a London-based private equity fund.
"Blockchain technologies represent a paradigm shift in the functioning of financial services," said Fineqia advisor Rudra Dalmia. "The long term value of this new technology is still being mapped out and we want to actively participate in the architecture of this new landscape."
The Company is investigating the set up of a subsidiary to focus on effectively managing and growing its portfolio of blockchain-related investments such as the investment in London-based Nivaura, made along with New York-based Digital Currency Group, announced last month.
Fineqia also announces the departure of Karolina Komarnicka as Chief Marketing Officer ("CMO"). The Company is actively looking for a new CMO with expertise in blockchain technologies and crypto currencies.
About Fineqia International
Fineqia International is a listed entity in the Canada (CSE: FNQ), US (OTCPink: FNQQF) and Europe (Frankfurt: FNQA). Fineqia International outlines the Company's corporate governance, culture, processes and relations by which the Company and its subsidiaries are controlled, directed and governed. Fineqia International oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries, including its adoption of blockchain technologies. For more information visit https://investors.fineqia.com/news
Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.
SOURCE Fineqia International Inc.
For further information: Bundeep Singh Rangar, CEO, Bundeep.Rangar@Fineqia.com, Tel: +44 203 500 3462, W: www.fineqia.com