Flow Traders NV: Flow Traders nominates Marcel Jongmans as CFO

Wirtschaftsnachrichten (Symbolbild). pixabay.com

For immediate release

Flow Traders nominates Marcel Jongmans as CFO

AMSTERDAM, The Netherlands, 13 June 2016 - The Supervisory Board of Flow Traders N.V. ("Flow Traders") (Euronext: FLOW) has nominated Marcel Jongmans for appointment as CFO and as a member of Flow Traders' Management Board. His appointment will be submitted to the Dutch Central Bank for regulatory approval. The company envisages to convene an Extraordinary General Meeting to decide on his proposed appointment this autumn, following regulatory approval.

Eric Drok, Chairman of Flow Traders' Supervisory Board said: "Given the company's continuing, rapid growth over the last years we are very pleased to have found Marcel as our new CFO. He brings a unique opportunity to add lots of industry knowledge and experience, further strengthening our Management Board. We look forward to cooperating with him."

Sjoerd Rietberg and Dennis Dijkstra, Flow Traders' Co-CEOs, said: "We are excited to welcome Marcel as a colleague. We have worked with him for a very long time. We think he is a highly skilled person and a valuable addition to our management board, also to support our rapid growth."

Marcel Jongmans has 28 years of experience in the financial services industry, starting at MeesPierson. He subsequently held positions at Fortis Bank and ABN AMRO Clearing Bank N.V., at which he served as CEO for the last 12 years.

Flow Traders is a leading global technology-enabled liquidity provider specializing in exchange traded products (ETPs). We provide liquidity in ETP markets 24 hours a day while seeking to stay market neutral at all times and without having directional opinions. While we do not have any clients, we enable investors to buy and sell ETPs efficiently by quoting bid and ask prices. We seek to earn small amounts of money on large numbers of individual transactions based on the differences between our ETP prices and the prices of the underlying or related instruments. Investors benefit from our activities due to increased liquidity, higher execution quality and lower overall trading costs. As such, we contribute to more efficient and transparent securities markets. We provide liquidity in over 4,700 ETP listings across the globe, tracking all underlying asset classes, including equities, fixed income, commodities and currencies with access to over 96 trading venues in 33 countries around the world. The Company has been named Europe's number one ETF Market Maker at the Annual Global ETF Awards for the last nine consecutive years - 2007 until 2015, and Asia-Pacific's number one ETF Market Maker for four out of the last five years - 2011, 2012, 2013 and 2015. Flow Traders is headquartered in Amsterdam, The Netherlands, with trading offices in Asia and the US, covering all time zones. Flow Traders' shares are listed on Euronext Amsterdam (symbol: FLOW). For more information, please visit: www.flowtraders.com.

ENDS

NOTES TO EDITORS

Contact Details

ARIVA.DE Börsen-Geflüster

Kurse

Flow Traders Ltd.

20,10 €

+1,88%

Flow Traders
Serge Enneman / Investor Relations Manager
Phone: +31 20 7996799
Email: investor.relations@flowtraders.com

Important legal information

This press release is prepared by Flow Traders N.V. and is for information purposes only and the material contained in this document is provided 'as is'. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

The information and materials contained in this press release are provided 'as is' and Flow Traders N.V. or any of its affiliates ("Flow Traders") do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This press release is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

This press release may include forward-looking statements, which are based on Flow Traders' current expectations and projections about future events, and are not guarantees of future performance. Forward looking statements are statements that are not historical facts, including statements about our beliefs and expectations. Words such as "may", "will", "would", "should", "expect", "intend", "estimate", "anticipate", "project", "believe", "could", "hope", "seek", "plan", "foresee", "aim", "objective", "potential", "goal" "strategy", "target", "continue" and similar expressions or their negatives are used to identify these forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of Flow Traders. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no undue reliance should be placed on any forward-looking statements. Forward-looking statements speak only as at the date at which they are made. Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law.

Financial objectives are internal objectives of Flow Traders to measure its operational performance and should not be read as indicating that Flow Traders is targeting such metrics for any particular fiscal year. Flow Traders' ability to achieve these financial objectives is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Flow Traders' control, and upon assumptions with respect to future business decisions that are subject to change. As a result, Flow Traders' actual results may vary from these financial objectives, and those variations may be material.

Efficiencies are net, before tax and on a run-rate basis, i.e. taking into account the full-year impact of any measure to be undertaken before the end of the period mentioned. The expected operating efficiencies and cost savings were prepared on the basis of a number of assumptions, projections and estimates, many of which depend on factors that are beyond Flow Traders' control. These assumptions, projections and estimates are inherently subject to significant uncertainties and actual results may differ, perhaps materially, from those projected. Flow Traders cannot provide any assurance that these assumptions are correct and that these projections and estimates will reflect Flow Traders' actual results of operations.

By accepting this document you agree to the terms set out above. If you do not agree with the terms set out above please notify legal.amsterdam@nl.flowtraders.com immediately and delete or destroy this document.

160613 Press Release CFO nomination

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Flow Traders NV via Globenewswire

HUG#2019642

Mehr Nachrichten zur Flow Traders Ltd. Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.