Earthport PLC Appointment of Alexander Filshie as CFO (6500V)

TIDMEPO

RNS Number : 6500V

Earthport PLC

25 July 2018

25 July 2018

Earthport Plc

("Earthport" or the "Company")

Appointment of Alexander Filshie as Chief Financial Officer at Earthport

Alexander Filshie has been appointed as Chief Financial Officer Designate at Earthport plc (AIM: EPO.L) with immediate effect. Alexander will also join the Board as an Executive Director, subject to regulatory approvals.

Alexander brings over 25 years of experience as a senior finance executive to Earthport. His career has encompassed leadership positions including Chief Financial Officer at CLS Group, the world's core foreign exchange (FX) settlement system. CLS handles USD 1.55 trillion a day, over half of the world's FX volume. Prior to his tenure at CLS, Alexander was CFO and Head of Strategy, Africa and Middle East, at Barclays Bank. He has also held a number of senior positions at American Express International Inc.

Alexander has a track-record in financial planning, reporting, treasury, taxation, regulatory governance, capital raisings, acquisitions and restructurings. He has also delivered turnaround strategies for underperforming businesses, executed cost reduction and headcount restructuring whilst supporting revenue growth and improved profitability.

He is a Fellow at the Institute of Chartered Accountants and also a member of Association of Corporate Treasurers.

Amanda Mesler, CEO of Earthport, said: "Alexander has an exceptional understanding of the currency and payment industries, coupled with deep knowledge of financial management at the most senior level at financial services and technology companies. He has an impressive track record in executing complex financial controls which will help take Earthport to the next level of growth."

Alexander Filshie, CFO of Earthport, said: "Having previously worked for infrastructure providers, banks and payments companies, I have seen the inefficiencies of the cross-border payments system faced by customers from many sides. That's why I was attracted to Earthport's mission of building an end-to-end payments network to transform this complex system and give global commerce the innovative and efficient payments network it needs. In an ever globalising trade environment, Earthport has incredible growth potential and I'm looking forward to helping to realise that potential."

Alexander Filshie (age 51) has held the following directorships and / or partnerships in the past five years:

 
 Current directorships     Past directorships 
 Britalia Racing Limited   CLS UK Intermediate Holdings 
                            Limited 
 Fundingxchange Limited    CLS Services Limited 
 Ventigon Limited          World First Markets Limited 
 Centtrip Limited          World First Services Limited 
                           World First UK Limited 
                           Colleoli Owners Association 
                            Limited 
 
 
 

As at the date of this announcement Alexander Filshie does not have any interest in any ordinary shares of the Company.

There is no further information to be disclosed in relation to Alexander Filshie's appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information, please contact:

Earthport Plc 020 7220 9700

Amanda Mesler, Chief Executive Officer

Phil Hickman, Non-Executive Chairman

Newgate 020 7653 9848

Bob Huxford/James Ash

N+1 Singer (Nomad & Joint Broker) 020 7496 3000

Mark Taylor/James White

Shore Capital (Joint Broker) 020 7408 4090

Toby Gibbs/Stephane Auton

About Earthport

Earthport provides cross-border payment services to banks and businesses. Through a single relationship with Earthport, clients can seamlessly manage payments to almost any bank account in the world, reducing costs and complexity to meet their customers' evolving expectations of price, speed and transparency.

Earthport offers clients access to global payment capability in 200+ countries and territories, with local ACH options in 65+ countries and an evolving suite of currencies and settlement options.

Earthport continues to invest in the establishment of in-country bank partnerships across the world, bringing together its deep market and regulatory expertise in order to maintain compliant and commercially competitive services.

The result - a global payments network accessed via a single relationship, delivering significant cost and operating efficiencies for banks and businesses servicing high volumes of lower value payments.

Headquartered in London with regional offices in New York, Dubai, Miami and Singapore, Earthport is a public company, traded on the London Stock Exchange (AIM: EPO).

Please visit www.earthport.com for more information.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 25, 2018 02:01 ET (06:01 GMT)