Toronto-based GoldMoney has ankled Katie Sokalsky, CPA, CA, as Chief Financial Officer, and Kate Millington as General Counsel of GoldMoney. GoldMoney also completes the previously planned addition of James Turk and Hector Fleming to the board of directors.
Katie Sokalsky previously specialized in financial services at PricewaterhouseCoopers as an audit manager. Katie worked with GoldMoney (formerly BitGold Inc.) since its inception, with PricewaterhouseCoopers LLP, acting as appointed auditor of the Company.
As Chief Financial Officer for GoldMoney, she brings valuable expertise in compliance, reporting, and extensive knowledge and relationships in financial services. Katie holds an Honours Bachelor of Commerce from Queen’s University in Ontario, and is a member of CPA Canada.
Kate Millington previously served as a staff lawyer to the GoldMoney precious metals custody business. For the past three years, Kate has developed compliance and operational systems for GoldMoney subsidiary Net Transactions Ltd., which is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. As General Counsel for GoldMoney, her expertise is being utilized to develop and integrate standard regulatory management systems across all GoldMoney business platforms. Katie holds a Bachelor of Law and a Bachelor of Arts from the University of Auckland and is a member of the Bars of New Zealand and England and Wales.
Messrs. James Turk and Hector Fleming were appointed as directors at the Special Meeting of GoldMoney held on September 29, 2015. James is a founder of the GoldMoney precious metals custody business, which was acquired in July 2015, and Hector was a director of that business before it was acquired. GoldMoney is excited to complete the last step of the transaction with the election of James and Hector to the board and will greatly benefit from their continued experience and support.
With the appointment of Katie Sokalsky as CFO, GoldMoney also announces the appointment of KPMG LLP as the Company’s new independent auditing firm. As Katie was a senior member of the PricewaterhouseCoopers LLP engagement team, a change in auditors was required to ensure independence in accordance with professional guidelines. GoldMoney wishes to thank PricewaterhouseCoopers LLP for its services and support as the founding auditors of GoldMoney.
The Company’s audit committee and board of directors have approved the resignation of the former auditor and the appointment of KPMG LLP. There were no reservations or modified opinions in the former auditor’s reports in connection with the financial statements for the Company’s most recently completed fiscal year (2015) and any subsequent period, and there are no “reportable events” (as defined in the National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and the Former Auditor.
GoldMoney Inc. has over 340,000 clients from over 100 countries and $1.5 billion in client assets under administration. GoldMoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey’s large financial services industry.
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