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NOMINATION OF CHIEF FINANCIAL OFFICER
Amsterdam, the Netherlands - Flow Traders N.V. (Euronext: FLOW) announces that the Supervisory Board has nominated Mike Kuehnel for appointment as Chief Financial Officer and member of the Management Board.
Given Flow Traders’ ambitions and strategic growth agenda, the Supervisory Board has taken the decision to expand the Management Board from four to five members with the nomination of Mike Kuehnel for appointment as Chief Financial Officer. Through this new, dedicated Chief Financial Officer function, Mike will help to further shape Flow Traders’ strategy, develop organic and non-organic growth initiatives as well as intensify communications with key stakeholders.
Mike Kuehnel will join Flow Traders on 1 August 2021 and all regulatory approvals have been received.
Prior to joining Flow Traders, Mike gained over 20 years of investment banking and strategy consulting experience in the global financial market infrastructure space.
Most recently, Mike served as a partner at Bain & Company leading the Investment Banking and Financial Markets Infrastructure practice for EMEA and acting as a senior member of the firm’s global M&A practice, focusing particularly on valuation and value creation as well as on the design of M&A strategies and the accelerated build-up of M&A capabilities. There, he worked closely with clients globally on topics including strategy, M&A, value creation and complex transformations, specifically focusing on financial market infrastructure and, for the last few years, on crypto and digital assets.
Before that, he worked at Goldman Sachs, where he was responsible for driving large-scale equity and M&A transactions in the European banking, insurance, asset management, private wealth and exchanges sectors. Mike holds an MBA in Accounting and Finance from the University of Chicago.
Flow Traders will propose his appointment to the Management Board to its shareholders at an Extraordinary General Meeting (EGM), scheduled to take place on Friday 10 September 2021 at 09.30 CEST. The detailed convening notice, agenda and other documentation relating to the meeting, as well as information on how to register, is available in English and can be found at www.flowtraders.com/investors/corporate-governance/agm.
Chairman of the Supervisory Board, Rudolf Ferscha stated:
“Mike is an outstanding business-driven finance leader who brings a wealth of investment banking and consulting experience, and we look forward to welcoming him to Flow Traders as CFO. As Flow Traders expands further, Mike’s background in structuring, initiating and driving strategy-induced business development will be a valuable addition to our highly experienced team on the Management Board.”
CEO Dennis Dijkstra added:
“We are delighted that Mike has agreed to join Flow Traders and are convinced that he will contribute greatly to the successful execution of our ambitious growth agenda together with the whole management team. We look forward to working with him to further accelerate Flow Traders’ strategic priorities.“
Flow Traders N.V.
Jonathan Berger / Investor Relations Officer
Phone: +31 20 7996799
About Flow Traders
Flow Traders is a leading global financial technology-enabled liquidity provider in financial products, historically specialized in Exchange Traded Products (ETPs), now expanding into other asset classes. Flow Traders ensures the provision of liquidity to support the uninterrupted functioning of financial markets. This allows investors to continue to buy or sell ETPs or other financial instruments under all market circumstances. We continuously grow our organization, ensuring that our trading desks in Europe, the Americas and Asia can provide liquidity across all major exchanges, globally, 24 hours a day. Founded in 2004, we continue to cultivate the entrepreneurial, innovative and team-oriented culture that has been with us since the beginning. Please visit www.flowtraders.com for more information.
Important Legal Information
This press release is prepared by Flow Traders N.V. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.
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Financial objectives are internal objectives of Flow Traders to measure its operational performance and should not be read as indicating that Flow Traders is targeting such metrics for any particular fiscal year. Flow Traders’ ability to achieve these financial objectives is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Flow Traders’ control, and upon assumptions with respect to future business decisions that are subject to change. As a result, Flow Traders’ actual results may vary from these financial objectives, and those variations may be material.
Efficiencies are net, before tax and on a run-rate basis, i.e. taking into account the full-year impact of any measure to be undertaken before the end of the period mentioned. The expected operating efficiencies and cost savings were prepared on the basis of a number of assumptions, projections and estimates, many of which depend on factors that are beyond Flow Traders’ control. These assumptions, projections and estimates are inherently subject to significant uncertainties and actual results may differ, perhaps materially, from those projected. Flow Traders cannot provide any assurance that these assumptions are correct and that these projections and estimates will reflect Flow Traders’ actual results of operations.
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