Coinsilium Group Limited Appointment of Investee Interim CEO

 
TIDMCOIN 
 
13 July 2016 
 
                           COINSILIUM GROUP LIMITED 
 
                        ("Coinsilium" or the "Company") 
 
                      APPOINTMENT OF INVESTEE INTERIM CEO 
 
The Board of Directors of Coinsilium Group Limited are pleased to confirm the 
appointment of Mr. Mark McDonnell as interim CEO of its investee company 
operating as Magnr. 
 
Magnr, formerly known as BTC.sx, was one of the first investments made by 
Seedcoin and is now part of the portfolio of blockchain investments of 
Coinsilium Group Limited. Mr McDonnell's appointment was a direct result of the 
Company's strategy and commitment to support its investee companies. 
 
Mark has over 25 years' experience in the Financial Services Industry and has 
held senior positions at Lehman Brothers, AIG Financial Products and Bank of 
America Merrill Lynch. 
 
Mark is a director of the strategic advisory firm Sherpa Millbank Ltd and is a 
founding partner of EMx Capital Strategies LLC. EMx is a US based corporate 
finance and strategic advisory firm and will immediately take an active role in 
the repositioning and expansion of the Magnr platform. 
 
Upon the announcement, Joe Lee, founder of Magnr said, "Magnr is proud to 
appoint Mark as Interim CEO to help our transition from successful startup to a 
leading institutional provider of digital currency and blockchain services. 
 
To date, Magnr has processed over USD 110m in transactions on its bitcoin 
trading platform for over 25,000 clients. Mark will be instrumental in 
expanding Magnr's product offering." 
 
Laurent Kssis, non-executive Chairman of Coinsilium, said "We are delighted to 
welcome someone of Mark's calibre and experience to Magnr. Whilst Coinsilium is 
primarily an investment company, we also make sure that we support our 
early-stage investees as they develop. Our role from introducing Mark to the 
team through to the advising on his agreement, is an example of the work we do 
behind the scenes which we believe not only assists our investees in their 
development but also adds value to their companies.  With his financial 
services and capital markets background and expertise, Mark will provide an 
invaluable resource to both support and drive Magnr's future growth. The whole 
Coinsilium team looks forward to working with Mark, Joe and the rest of the 
company in the coming months." 
 
About Magnr 
 
Magnr is a blockchain technology company that delivers cryptocurrency products 
and services to the financial services sector globally. 
 
Magnr's market leading cryptocurrency trading application is fully integrated 
with the world's leading cryptocurrency exchanges and is an important liquidity 
provider to the market. Since its inception in 2013 Magnr has brokered in 
excess of USD 110m in cryptocurrency related transactions. 
 
Leveraging its success to date and its existing client base of 25,000, Magnr is 
currently working to extend its product offering and consolidate its position 
as the global leader in the creation and deployment of innovative blockchain 
and cryptocurrency solutions. 
 
www.magnr.com 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
Notes to Editor 
 
Coinsilium is a London-based blockchain technology focused investment and 
development company, supporting early-stage blockchain companies through 
investment, acceleration, development and education. 
 
Coinsilium is the world's first blockchain technology focused company to be 
admitted to trading on an Exchange Regulated Market and has a portfolio of 
interests in blockchain companies and projects. In addition to pursuing its 
investment strategy Coinsilium is able to offer a suite of services including 
corporate/business advisory, CPD accredited training & education, investment 
solutions, in-house development and other professional services to blockchain/ 
fintech companies and major corporates wanting to learn more about blockchain 
technology and its implications to the way the world transfers value over the 
internet. 
 
For further information please visit http://www.coinsilium.com/ 
 
Or please contact the following: 
 
Eddy Travia / Laurent  Coinsilium Group      [phone] 
Kssis                  Limited 
 
David Coffman / Asha   Daniel Stewart &      [phone] 
Chotai                 Company 
                       (Corporate Adviser & 
                       Joint Broker) 
 
Nick Emerson / Andy    SI Capital Limited    [phone] 
Thacker                (Joint Broker) 
 
Jan Skoyles            Coinsilium            [e-mail] 
                       (marketing) 
 
 
 
END 
 

(END) Dow Jones Newswires

July 13, 2016 06:58 ET (10:58 GMT)