WonderFi Appoints Former Bank of Montreal Executive Torstein Braaten as Chief Compliance Officer
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2022) - WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced the appointment of Torstein Braaten as Chief Compliance Officer of the Company, effective May 23, 2022.
Torstein brings over three decades of experience providing compliance advice to Banks and Investment Dealers. Torstein will continue to serve as Head of regulatory Affairs and Chief Compliance Officer at Bitbuy Technologies Inc. a Registered Dealer and regulated Marketplace in Crypto Assets. He recently moved to Bitbuy from Instinet Canada where he served as a Chief Operating Officer and Chief Compliance Officer for the Institutional Agency Investment Dealer and their equity Alternative Trading System, Instinet Canada Cross.
During his career, Torstein has provided Compliance and Risk guidance to Global Bank Trading Desks and led the growth of two regulated ATS' in Canada. Torstein has participated in many advisory committees to regulatory bodies such as the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC) with respect to trading rules and crypto assets. Torstein has his Bachelor of Commerce, Honours from Carleton University, the Institute of Corporate Directors Designation and served most recently on the Ontario Securities Commission Fintech Advisory Committee and currently a member of IIROC's Crypto-Asset Working Group.
Torstein Braaten commented, "I am excited to be joining WonderFi as Chief Compliance Officer. WonderFi is at the forefront of the digital asset and web 3.0 space, delivering compliant access with a focus on investor protection in an evolving regulatory landscape. I look forward to joining the talented, innovative team and helping to advance WonderFi's success as a global leader."
For additional information, please contact:
WonderFi Technologies Inc.
Ben Samaroo, CEO
WonderFi is a leading technology company with the mission of creating better access to digital assets through compliant centralized and decentralized platforms. WonderFi has a multi-pronged business strategy which includes a high-growth consumer finance app which will serve as a trusted gateway to the new financial system, and a digital asset portfolio which consists of leading crypto and DeFi assets. WonderFi's executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital and Hut 8. WonderFi's core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access DeFi in a simple, smart and secure way. For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "estimated", or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to work effectively with strategic investors; and changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
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