Publicly-listed investment firm, Henry Morgan Limited has moved further on the impending public-listing of JB Financial Group with the announcement of a new chief executive.
The company announced to the Australian Securities Exchange (ASX) today that it had appointed Michael Fredericks to the chief executive role ahead of an initial public offering later this year.
Henry Morgan managing director, Stuart McAuliffe described Fredericks as being an experienced entrepreneur with experience around new products, services and business models.
JB Financial Group is an unlisted financial services company which Henry Morgan describes as having profitable broking and foreign exchange arms.
McAuliffe said that coupled with his firm’s current strengths in global foreign exchange and capital markets, it believed Fredericks would lead a creative team to create compelling software solutions which could potentially disrupt current practices in the financial services space.
