VendTek Systems, a developer and licensor of software for the global pre-paid and financial services markets, has announced the resignation of Nurez Khimji, chief financial officer (CFO) and corporate secretary. Khimji will continue to work with the company through a transition period which will end no later than 15 June 2012. The company has commenced a search for his replacement and will provide an update to the market when a replacement has been determined.
Senior management and the company’s audit committee will monitor and provide oversight of financial matters until a replacement has been found.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.