Ayondo hires Daiwa Securities’ Rick Fulton as CFO ahead of planned IPO

FCA regulated social trading pioneer Ayondo has announced the appointment of Rick Fulton as its new Chief Financial Officer (CFO).

Rick Fulton is joining Ayondo from Daiwa Securities, where he was Managing Director, Regional CFO Asia and Oceania. He previously held senior positions at Royal Bank of Scotland and Deutsche Bank in London, and was also CFO of ABN AMRO Bank in Zurich and Tokyo.

Last month we reported that Ayondo is planning a $155 million ‘Reverse Takeover’ IPO on the Singapore Exchange, and is in advanced negotiations with an SGX-listed company on the transaction. Mr. Fulton’s appointment seems clearly geared toward helping the company make the transition to becoming a public company, assuming that the proposed reverse takeover deal goes ahead as planned.

Last week we had also reported that Ayondo doubled its Revenues in 2015, to £7.3 million.

Ayondo logoAyondo CEO Robert Lempka said:

I am very pleased that Rick is joining the Executive Committee of Ayondo. With his extensive experience as a financial services industry CFO, especially in the Asian region, Rick will play a crucial role in the planned listing of Ayondo in Singapore.

Rick Fulton said on his new role at Ayondo:

I share Ayondo’s belief in revolutionary and efficient trading and investment solutions and I am eager to work with the co-founders Robert Lempka and Thomas Winkler to take the Ayondo group to the next level and public listing.

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