Tintra PLC Key Management Appointment & Directorate Change (4209S)
09 März 2023 - 8:00AM
UK Regulatory
TIDMTNT
RNS Number : 4209S
Tintra PLC
09 March 2023
9 March 2023
TINTRA PLC
("Tintra", the "Group" or the "Company")
Key Management Appointment & Directorate Change
The board of directors (the "Board") of Tintra, the fast-growth
Deep Tech & Banking business, is pleased to announce the
appointment of Dr Vanessa Neumann as Chair of Strategic Initiatives
for Latin America and the Caribbean. This position has been created
as the Group continues to progress in this region as a core element
in its plan to build global banking infrastructure driven by
culturally aware Artificial Intelligence and Natural Language
Processing tools. Dr Neumann's appointment follows that of
Constantine Chikosi in a similar role for Africa on 3 February
2023.
Dr Neumann has been an Independent Non-Executive Director of the
Company since 3 February 2022. She will transition from her current
role during the next quarter and will not stand for re-election to
the Board at this year's annual general meeting of the Company,
expected to be held in July 2023.
At the core of her new role, Dr Neumann will be a founding
director (subject to regulatory approval) of the Group's new
subsidiary being established as part of its application for an
International Financial Entity Licence in Puerto Rico ("IFE"),
previously announced on 26 October 2021. A Puerto Rican IFE will
provide the Company with direct access to the New York Federal
Reserve, allow the Group to offer banking services to international
(non-Puerto Rican resident) clients and will act as the Group's
pivot between Latin America & the US. Puerto Rico is the
Group's regional banking hub for Latin America, with the IFE
licence at its core.
Dr Neumann has already brought a wealth of relevant experience
to Tintra, especially on matters concerning Latin America, a key
area to the Group's development, becoming the natural candidate for
this role. Dr Neumann is a native Venezuelan, with a varied career
as a diplomat, author, and entrepreneur, as well as a globally
sought expert on transnational threats, Latin American business,
and financial business integrity.
Dr Neumann said, "Assuming this role in Tintra is the
realisation of a lifelong professional goal of bringing growth and
prosperity to my home region, with business innovation that
facilitates and expands trade, broadening access to the
traditionally underserved, by reducing their obstacles in both
speed and costs by treating the region fairly and through the
appropriate lens. Latin America and the Caribbean ("LAC") are
particular growth markets for the services we offer, giving us the
opportunity to exponentially grow both Tintra and the market within
the region, as well as its connectivity to other key regions like
North America, Europe, and Asia, while maintaining strong integrity
protocols. Our offering is unique and long sought by businesses and
government in the LAC region, so it is an honour and a pleasure to
lead this team."
Richard Shearer , Tintra's CEO, said, "Dr Neumann has been an
integral part of the Tintra Team for a year now as a Non-Executive
Director, during that time as we've built out our strategy Vanessa
has been an invaluable asset to the board as we went from vision to
rationalisation of a strategy that will help drive global financial
inclusion across the emerging world.
Now as we move into delivery mode, Vanessa is simply too
valuable a resource to not be contributing her incomparable
experience, skills and access in the region across both public and
private sectors in an executive capacity.
By sitting as Chair of our Latin American business, for which
I'd like to share my personal gratitude and excitement, Vanessa
brings a substance and regional touch that would simply have taken
years for a new market entrant such as Tintra to achieve. And as
such shortens our roadmap in all of our target markets across the
region as we use Artificial Intelligence to Bring Real Change to
Latin America."
For further information, contact:
Tintra PLC
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
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