FDCTech, Inc. Appoints Charles R. Provini as New Independent Director
July 08, 2021 at 09:25 am
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FDCTech, Inc. announced the Board of Directors of the Company increased the size of its Board from four to five directors and appointed Charles R. Provini to the vacancy. Mr. Provini is considered independent under NYSE and NASDAQ listing standards. Accordingly, the Company will compensate Mr. Provini for his services on the Board in cash and stock-based equity. The Company has three non-executive directors – Warwick Kerridge, Chairman, Jonathan Baumgart, Director, and Charles R. Provini, Director. The two executive directors are Mitchell Eaglstein, Co-Founder, CEO, and Imran Firoz, Co-Founder, CFO. Mr. Provini has been the Chairman, CEO, and President of Natcore Technology Inc. since May 2009, a research and development company protected by 65 patents granted or pending. From November 1997 to October 2000, he was the President of Ladenburg Thalmann Asset Management and a Director of Ladenburg Thalmann, Inc., one of the oldest members of the New York Stock Exchange. He served as President of Laidlaw Asset Management and Chairman and Chief Investment Officer of Howe & Rusling, Laidlaw's Portfolio Management Advisory Group, from November 1995 to September 1997.
FDCTech, Inc. provides financial technology (fintech) and business solutions to OTC Online Brokerages and cryptocurrency businesses (customers). The Company operates through three segments: Wealth Management, Technology and Software Development, and Margin Brokerage Business. The Company operates its Wealth Management segment through its subsidiary, AD Advisory Services Pty Ltd. (ADS). ADS provides licensing solutions for financial advisers and accountants in Australia. ADS offers financial planners different licensing, compliance and education solutions to meet their practiceâs specific needs. It operates its Technology & Software Development segment through its subsidiary, Condor Trading Technology, which is a technology provider and software developer in the cryptocurrency or digital asset space. It operates its Margin Brokerage Business segment through its subsidiary, NSFX Ltd, which is an online trading brokerage firm.