Business Wire

Finstar Financial Group reinforces senior Fintech team

Del

Finstar Financial Group (“Finstar”) announces further senior appointments to its management team with the recruitment of Eugene Timko as Investment Director, Michele Tucci as Head of Mobile Products and Business Development, and Alexander Ivanov who has been appointed to develop venture capital investments. These latest appointments reflect Finstar’s strategy to continue with the successful expansion of its fintech and financial services investment program.

As the global economy moves into a truly digital era, investment in the fintech sector continues to gather pace and overall fintech investment reached $5.7 billion during the first quarter of 2016. Finstar Financial Group is focusing its efforts to capitalize on the many exciting opportunities present in the space by seeking out the brightest companies that are ready to challenge the status quo in the financial services industry.

Nicholas Jordan, CEO of Finstar, commented: “Finstar has both the resources, expertise, technologies and geographic reach to develop ground-breaking solutions to rapidly changing corporate and consumer needs in the financial services industry. Finstar’s decision to strengthen its focus on fintech solutions across a number of sub-sectors reflects the manner in which fintech investments are bucking trends across the globe. We see tremendous long-term growth opportunities across all industry segments, from lending platforms to insurance and asset management.

Our latest senior management appointments are of the highest caliber and reflect our ambition to seek out the best talent in the industry and deploy our Human and Financial capital to develop the most innovative credit products and solutions. Finstar is building a formidable team and a knowledge-sharing technological platform across multiple geographies.”

Eugene Timko will be responsible for evaluating venture capital investment opportunities in the fintech and services industry with a particular focus on disruptive business models and technology. Eugene has been focused on the fintech industry since 2012, when he successfully completed the acquisition of a mobile banking business by Inventure Partners, a VC fund specialized on disruptive technology businesses. His most recent transactions include the acquisition of a 50% stake in Hearst Independent Media Publishing B.V., a former subsidiary of Sanoma Oyj, publisher of luxury magazines and a successful investment in car service Gett and the Busfor budget bus company. Prior to joining Inventure Partners, Eugene served as the IBD Associate of Morgan Stanley and participated in various M&A and ECM transactions in technology, media and telecom industry.

In his new role, Michele Tucci will grow mobile products and partnerships that will contribute to the Group’s FinTech global expansion plans. Michele has more than 16 years of international industry and consulting experience across Asia Pacific, USA, Europe, Middle East and Africa. He has held senior management positions including Director of International Business Development at Mint Payments, a listed mobile and online payment and transaction processing company, and Vice President and Senior Managing Consultant of the professional services arm of MasterCard Worldwide.

Alexander Ivanov will be responsible for developing venture capital activities in fintech. Alexander has experience in venture capital, financial services, and technology. Previously, he was a co-founder of ‘Life.SREDA’, a venture capital firm focusing on investments in fintech mobile and Internet projects in the U.S., Western and Eastern Europe. He has held senior positions in international financial groups, including Head of Balanced Scorecard division at BCS Financial Group, a leading financial service group that provides innovative and customizable high and low touch trading solutions for global and emerging markets. His practical expertise is enhanced by his study of executive PE and VC courses at the London Business School and Harvard Business School.

About Finstar

Finstar Financial Group is an international private equity group. Founded in 1996, the Group has significant experience in launching start-up projects and in restructuring and expanding of companies in selected industries. Finstar operates in financial markets, the IT and telecoms field, perfumery-cosmetic retailing and in commercial and trade real estate. The Group has under its management assets worth a total of more than $2 billion. Over the years Finstar has developed substantial operational experience which helps to implement a value-adding strategy, introducing high international standards of corporate governance, innovation, marketing and building competitive advantages, all of which are vital to create value in the long-term.

Read more about Finstar: www.finstar.com

Contact information

Finstar Financial Group
Public Relations
Larisa Shishkina
Marina Evseeva
Tel: +7 905 529 12 52
E-mail:
Shishkina@finstar.com
Marina.Evseeva@finstar.com
or
Instinctif Partners
David Simonson
Mark Walter
Tel: +44 20 7866 7887
E-mail: David.Simonson@instinctif.com
Mark.Walter@instinctif.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Orange Acquires Basefarm Holding and Becomes a European Leader in Cloud Computing Services for the Enterprise Sector16.7.2018 07:22Pressemelding

Following a competitive tender process initiated by Abry Partners for its stake in Basefarm, the Orange Group, through its enterprise subsidiary Orange Business Services, has announced today the signature of a contract to acquire 100% of the company’s capital for an enterprise value of 350 million euros. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180716005214/en/ Basefarm is a leading European player in cloud-based infrastructure and services, as well as the management of critical applications and data analysis. The company, which recorded revenues of over 100 million euros in 2017, has enjoyed strong growth since 2015. Basefarm has a strong operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and in Germany, where it boasts a cutting-edge big data activity. Its business proposition lies at the forefront of the most innovative services in cloud computing, Big Data a

Spirit AeroSystems and Norsk Titanium Announce Start of Production Qualification for Commercial Aircraft Parts16.7.2018 07:00Pressemelding

Spirit AeroSystems [NYSE: SPR] and Norsk Titanium US Inc. (NTi), have reached an agreement to initiate qualification of Spirit’s first additive-manufactured, titanium, structural component for the Boeing 787. This qualification will validate NTi’s production and industrialization processes, integrate Spirit’s workscope of machining final parts from additively manufactured near-net shapes and verify material and final part conformity to requirements. “Spirit has had a comprehensive and long relationship with Norsk Titanium, and this part will be our first additive structural titanium component incorporated into a commercial airplane program,” said Spirit AeroSystems Senior Vice President of Fabrication and Supply Chain Management, Ron Rabe. NTi is the world’s first FAA-approved, OEM qualified, supplier of additive-manufactured, structural titanium components. NTi’s proprietary Rapid Plasma Deposition™ (RPD™) process has been in serial production of Boeing 787 titanium components since A

New Study Investigates the Utility of Masimo PVi® as Part of Goal-Directed Fluid Management in Patients Undergoing Colorectal Surgery16.7.2018 05:00Pressemelding

Masimo (NASDAQ: MASI) announced today the findings of a recently published study in which researchers at Kocaeli University in Turkey compared the performance of conventional fluid management (CFM) to goal-directed fluid management (GDFM) using Masimo PVi® (pleth variability index, measured noninvasively and continuously using SET® pulse oximetry sensors) in patients undergoing elective colorectal surgery. The primary points of comparison were the amount of crystalloids administered and blood lactate and serum creatinine levels during the intraoperative period.1 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180715005048/en/ Masimo Radical-7® with PVi®, SpHb®, and RD rainbow SET™ Sensor (Photo: Business Wire) In the study, Dr. Cesur and colleagues, noting the importance of intraoperative fluid management in terms of postoperative organ perfusion and complications, sought to compare the effects of CFM (guided by clinical asse

Alipay and Singapore Tourism Board join hands to boost Chinese tourist spending16.7.2018 02:00Pressemelding

Alipay, the world’s leading mobile and online payment and lifestyle platform operated by Ant Financial Services Group, together with the Singapore Tourism Board (STB), have launched a series of joint marketing initiatives aimed at raising destination awareness of Singapore and driving tourist spending among Chinese visitors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180715005021/en/ Alipay and STB signed a Memorandum of Understanding (MOU) in September 2017 to enhance Chinese tourists’ overall experience in Singapore. Under the MOU, both parties agreed, among other things, to explore co-investing in joint-marketing initiatives to encourage Chinese tourists to spend with Alipay while in Singapore. Since signing the MOU, Alipay has experienced double-digit growth in user spending. China has also become Singapore’s top market in 2017 for both tourism receipts and visitor arrivals, contributing S$4.2 billion in tourism rece

Koza Altin Welcomes Court’s Rejection of Akin Ipek’s Share Purchase Agreement13.7.2018 15:58Pressemelding

A Turkish Court has found against businessman Akin Ipek this week – ruling that a share purchase agreement, which he had submitted as vital evidence in support of his case against the Turkish state, is null and void. The matter was brought to the Ankara Commercial Court in March 2017 by Koza Holding (parent company of Koza Altin) which, according to Mr Ipek’s share purchase agreement, purportedly transferred all of its shares to Ipek Investment Limited. Koza Holding filed the lawsuit for legal recognition that the share purchase agreement is void. The ruling in Turkey follows on from an earlier judgment set down by the English High Court, which rejected Mr Ipek’s attempt to use up to £3m of UK subsidiary Koza Ltd’s money to fund a claim against the Turkish State at the International Centre for Settlement of Investment Disputes (ICSID). In the English ruling, Deputy Judge Richard Spearman QC declared the “authenticity” of the share purchase agreement as “open to very serious doubt”. The

Mindbreeze Positioned in the Leaders Quadrant of the Gartner’s 2018 Magic Quadrant for Insight Engines13.7.2018 15:27Pressemelding

Mindbreeze, a leading global provider of appliances and cloud services for information insight and applied artificial intelligence with a focus on knowledge management for leading international companies, announced today that Gartner, Inc. has positioned Mindbreeze in the Leaders quadrant of the 2018 Magic Quadrant for Insight Engines. Mindbreeze is positioned highest on the ability to execute axis. The research and advisory firm Gartner, Inc. evaluated 13 different providers from all over the world. “Understanding the meaning of information is a key priority for today’s customers. Mindbreeze InSpire leverages the full power of our sophisticated AI engine to provide actionable insights and answers ̶ not just more data. Seeing our position in the Magic Quadrant, my first reaction was ‘AWESOME’. Insight Engine was positioned the highest on the ability to execute axis and we believe that's exactly what sets us apart from our competitors. We made the bold move to focus on product innovatio