Sign up Australia
Proactive Investors - Run By Investors For Investors

Midpoint names new chief executive as chairman steps down

Foreign exchange trading platform provider Midpoint named David Wong as its new boss after John G. Booth resigned as chief executive and chairman...
Midpoint names new chief executive as chairman steps down
Booth has stepped down but will remain a director...

Foreign exchange trading platform provider Midpoint (CVE:MPT) named David Wong as its new boss after John G. Booth resigned as chief executive and chairman.

Booth  was co-founder and instrumental in conceiving the peer to peer FX marketplace concept. He will remain a director, the company noted.

Under his leadership, the group achieved important milestones including a move to London and several rounds of investments through private placements before finally negotiating its going public transaction via a reverse take-over of a Canadian listed capital pool company and four subsequent rounds of investment.

The business has achieved a 31% compounded monthly growth rate since its listing nine quarters ago and now claims a repeat user rate of 93%, the firm noted.

The company said: ".. John can take significant credit for building the company into the international brand it is today and the board would like to thank him.

"We are sorry that John has decided to stand down from his roles.

"We understand and respect his wish to spend more time with his family. John's tenacity and vision has put the business in a position for continued growth and innovation for many years to come. We look forward to his continuing participation as a director and wish him well in his future endeavours."

Corbin Comishin has been appointed as chief financial officer.

View full MPT profile View Profile

Midpoint Holdings Ltd Timeline

Related Articles

house
December 09 2017
The bond is aimed at retail investors who want a part of their portfolio in a ‘safe, bedrock investment’

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use