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LONDON - Valereum Plc (AQSE:VLRM) has appointed Gary Cottle as its new Chief Executive Officer, effective immediately, according to a press release statement issued Wednesday.
Cottle, who previously served as an advisor and board member at Valereum, brings over 30 years of experience in traditional finance, having held positions at Barclays (LON:BARC), Morgan Stanley, RBS (LON:NWG), and Nomura.
The new CEO will focus on advancing Valereum’s tokenization and digital asset ecosystem strategy. The company has recently pivoted toward what it describes as a sustainable future following its acquisition of GSX Group.
"It very much feels like we’re in the ’Big Bang’ once again - early days in a rapidly growing market," Cottle stated in the announcement.
James Formolli, Chairman of Valereum, said Cottle’s appointment comes as the company focuses on global growth and recruitment of "institutional Tier-1 personnel."
Valereum has made strategic investments in blockchain, tokenization, cryptocurrency, and AI technologies. The company also operates VLRM Markets in El Salvador, which it says provides insight into digital economy requirements.
The leadership change follows what the company referred to as "recent events" that reinforced its strategy to minimize dilution and partner with technology innovators. The company indicated it would provide additional updates in the coming weeks.
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