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Screenshot of a breaking news alert e-mail from Q2 2017
Swiss listed interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has announced that Emil Assentato (pictured above at right involved in one of his passions, car racing) has retired from his role as a member of the Executive Board effective immediately.
LeapRate readers will recognize Mr. Assentato as the architect behind the planned multi-stage merger of Nukkleus Inc (OTCMKTS:NUKK), a publicly traded company he controls, with retail forex broker FXDD, forex platform developer Forexware, and IronFX.
Mr. Assentato has an effective 80% interest in both FXDD and Forexware via Currency Mountain Holdings which he controls (Tradition owns the other 20% in each), and he fully owned Nukkleus heading into the planned transaction.
LeapRate had a brief conversation with Mr. Assentato about his departure from Tradition and his future plans, here is what he had to say:
Yes, I have retired from the Board of Tradition. I have worked for the Tradition Group for the past 31 years and it was a great experience, I will miss them. The future will focus on the Retail FX industry and FXDD/CMH in particular.
Regarding your question about IronFx, we are continuing to have conversations with them about the future.
Also it is still our plan to use Nukkleus as a consolidator in the FX Fintech industry.