Ozforex appoints new CEO and MD

Company News

by Jessica Amir

Ozforex Group ltd (ASX:OFX) has announced its appointed John Alexander Malcolm (Skander Malcolm) as its Chief Executive Officer and Managing Director, effectively immediately.

The online foreign exchange company says Mr Malcolm replaces Richard Kimber who stepped down from both roles.

Ozforex says Mr Malcolm has an enviable background, with strong leadership skills and experience that will help the company deliver on their ambitions.

Ozforex also announced its total fee and commission income for the 2017 financial year will be $3 million lower than expected.

Ozforex Group ltd (ASX:OFX) reported a net profit of $9.67 million at 30 September 2016

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