13 July 2016
COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company")
APPOINTMENT OF INVESTEE INTERIM CEO
The Board of Directors of Coinsilium Group Limited are pleased to confirm the appointment of Mr. Mark McDonnell as interim CEO of its investee company operating as Magnr.
Magnr, formerly known as BTC.sx, was one of the first investments made by Seedcoin and is now part of the portfolio of blockchain investments of Coinsilium Group Limited. Mr McDonnell’s appointment was a direct result of the Company’s strategy and commitment to support its investee companies.
Mark has over 25 years’ experience in the Financial Services Industry and has held senior positions at Lehman Brothers, AIG Financial Products and Bank of America Merrill Lynch.
Mark is a director of the strategic advisory firm Sherpa Millbank Ltd and is a founding partner of EMx Capital Strategies LLC. EMx is a US based corporate finance and strategic advisory firm and will immediately take an active role in the repositioning and expansion of the Magnr platform.
Upon the announcement, Joe Lee, founder of Magnr said, "Magnr is proud to appoint Mark as Interim CEO to help our transition from successful startup to a leading institutional provider of digital currency and blockchain services.
To date, Magnr has processed over USD 110m in transactions on its bitcoin trading platform for over 25,000 clients. Mark will be instrumental in expanding Magnr’s product offering."
Laurent Kssis, non-executive Chairman of Coinsilium, said "We are delighted to welcome someone of Mark's calibre and experience to Magnr. Whilst Coinsilium is primarily an investment company, we also make sure that we support our early-stage investees as they develop. Our role from introducing Mark to the team through to the advising on his agreement, is an example of the work we do behind the scenes which we believe not only assists our investees in their development but also adds value to their companies. With his financial services and capital markets background and expertise, Mark will provide an invaluable resource to both support and drive Magnr's future growth. The whole Coinsilium team looks forward to working with Mark, Joe and the rest of the company in the coming months."
Magnr is a blockchain technology company that delivers cryptocurrency products and services to the financial services sector globally.
Magnr’s market leading cryptocurrency trading application is fully integrated with the world’s leading cryptocurrency exchanges and is an important liquidity provider to the market. Since its inception in 2013 Magnr has brokered in excess of USD 110m in cryptocurrency related transactions.
Leveraging its success to date and its existing client base of 25,000, Magnr is currently working to extend its product offering and consolidate its position as the global leader in the creation and deployment of innovative blockchain and cryptocurrency solutions.
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Notes to Editor
Coinsilium is a London-based blockchain technology focused investment and development company, supporting early-stage blockchain companies through investment, acceleration, development and education.
Coinsilium is the world's first blockchain technology focused company to be admitted to trading on an Exchange Regulated Market and has a portfolio of interests in blockchain companies and projects. In addition to pursuing its investment strategy Coinsilium is able to offer a suite of services including corporate/business advisory, CPD accredited training & education, investment solutions, in-house development and other professional services to blockchain/fintech companies and major corporates wanting to learn more about blockchain technology and its implications to the way the world transfers value over the internet.
For further information please visit http://www.coinsilium.com/
Or please contact the following:
Eddy Travia / Laurent Kssis Coinsilium Group Limited +44 (0) 207 099 0740
David Coffman / Asha Chotai Daniel Stewart & Company +44 (0) 207 776 6550
(Corporate Adviser & Joint
Nick Emerson / Andy Thacker SI Capital Limited +44 (0) 1483 413 500
Jan Skoyles Coinsilium (marketing) firstname.lastname@example.org