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.