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Currenc Group Inc. (NASDAQ:CURN) announced that its board of directors has determined Kevin Chen, an existing director, is now classified as an independent director under Rule 10A-3 of the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, Nasdaq Global Market rules, and the company’s corporate governance guidelines. As a result, the board has appointed Mr. Chen to serve on the company’s audit committee, effective immediately.
Mr. Chen is currently the Chief Economist and Chief Investment Officer of Horizon Financial. He brings over 20 years of experience in finance, having previously served as Senior Portfolio Manager at Credit Agricole and Amundi Asset Management, and as Director of Asset Allocation at Morgan Stanley. He holds a Ph.D. in Finance and has served on the boards of several publicly listed companies.
With this appointment, Currenc Group’s audit committee now consists of Eng Ho Ng (Chair), Eric Weinstein, and Kevin Chen. The board has determined that each member of the audit committee meets the independence requirements set by the Securities and Exchange Commission and Nasdaq.
According to the company, there are no arrangements or understandings between Mr. Chen and any other person relating to his selection as a director or his appointment to the audit committee. Mr. Chen does not have any family relationships with any director or executive officer of Currenc Group, and there are no transactions requiring disclosure under Item 7.B of Form 20-F.
This information is based on a statement released Monday by Currenc Group Inc. in a filing with the Securities and Exchange Commission.
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