June, 5, 2018
Growth Prompts Executive Change at AxiCorp
New CFO Appointment
Following a period of sustained growth in revenue, client volume and expansion across its global operations, AxiCorp has announced an executive level organisational change that will allow the multi asset class provider to better navigate the increased complexities of a fast-changing environment.
Patrick Salis joins AxiCorp as their Chief Financial Officer (CFO), replacing long-time CFO Simon Hodgkiss who has taken on the newly created role of Chief Risk Officer (CRO).
Patrick is a member of at The Institute of Chartered Accountants of Australia and before joining AxiCorp was CFO and COO at ASX-listed GBST Holding Ltd. Prior to GBST he held CFO positions at Virgin Money (Australia) and JDV Ltd. With a broad range of skills covering everything from corporate finance, compliance and strategic planning through to investor relations and mergers and acquisitions, he has a history of achieving significant milestones within high growth global organisations.
Rajesh Yohannan, CEO at AxiCorp, says “We have ambitious plans for the business and Patrick’s deep knowledge, wide ranging experience and global outlook are ideally suited to helping take AxiCorp to the next level. I’d like to welcome him to the team and look forward to working closely with him.”
The new CRO position that Simon Hodgkiss moves into has been created following a large volume of regulatory and privacy law changes across the globe. With AxiCorp having recently acquired licenses in the DFSA (Dubai Financial Services Authority) and New Zealand, as well as having a further license pending in another region, the company is significantly expanding its global reach. In order to ensure full and ongoing compliance with new laws, the role of Chief Risk Officer will be primarily concerned with creating appropriate risk management frameworks then monitoring the policies and procedures to ensure standards are met across the business.
Yohannan says, “We’re very fortunate to already have a great team in place with very high standards when it comes to dealing with risk and compliance in different markets across the world. With a dedicated CRO in place we’ll be able to ensure these high standards continue to be maintained by staff right across the business.”
“Simon has been with AxiCorp for several years so he already has intricate knowledge of our business, he knows the industry and he understands the frameworks we need to work within. This makes him the ideal person to take on this important portfolio.”