Net1 appoints Ian Greenstreet to its board of directors
20 March 2020 - 12:00AM
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or
the “Company”) announced today the appointment of Mr. Ian
Greenstreet as an independent non-employee director of the Company,
effective May 1, 2020. He will also serve on the nominating and
corporate governance, audit and remuneration committees, effective
May 1, 2020.
Mr. Ian Greenstreet has served on public and
private corporate boards to which he brings diverse localized
management and board experience in banking, finance, risk,
managerial and financial technology. He sits on the advisory
committee of the London Stock Exchange, a board member of Assupol
Holdings and Assupol Life Ltd and is Chairman and Founder of
Infinity Capital Partners Ltd in the UK. He previously served on
the board of Diamond Bank in Nigeria, was a representative of the
FMO (the Dutch Development Bank) on the board of Bank of Africa and
Alios Capital, both those organizations being based across Africa.
He also served as regional Head of Risk for ABN AMRO Bank and a
board member and head of Henderson Fund Management in
Luxembourg.
Ian has attended a program at Harvard Business
School on driving Digital and Social Strategy and is a fellow of
the Institute of Chartered Accountants in England and Wales (FCA).
He is recognized as one of the 100 most influential black people
in the UK for the last four consecutive years as
well as in the UK’s top 50 of Black Asian Minorities
(BAME) in 2016.
“I am very pleased to welcome Ian to our Board,”
said Christopher S. Seabrooke, Chairman of the Net1 Board. “He
brings broad global experience and expertise in banking,
technology, risk management and governance to Net1 which will be
invaluable as we expand our payments, financial services and
technology internationally,” he concluded.
Net1’s Board will be comprised of two executive
and six independent directors once Mr. Greenstreet’s appointment is
effective.
About Net1 (www.net1.com)
Net1 is a multinational financial technology
company with a presence in Africa, Asia and Europe. Net1 leverages
its proprietary banking and payment technology to distribute
low-cost financial and value-added services to underbanked
consumers and small businesses. The Company also provides
transaction processing services, including being a leading payment
processor and bill payment platform in South Africa. Net1 leverages
its strategic investments in banks, telecom and mobile payment
technology companies to further expand its product offerings or to
enter new markets. Net1 has a primary listing on NASDAQ (NasdaqGS:
UEPS) and a secondary listing on the Johannesburg Stock Exchange
(JSE: NT1). Visit www.net1.com for additional information about
Net1.
Investor Relations Contact:
Dhruv Chopra Group Vice President, Investor Relations Phone: +1
917-767-6722 Email: dchopra@net1.com
Media Relations Contact:
Bridget von Holdt Business Director – BCW Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
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