Cornerstone FS PLC (AIM:CSFS) has decided that its principal operating subsidiary, FXPress Payment Services, could do with a chief operating officer (COO).
The provider of cloud-based international payment, currency risk management and electronic account services said Robert O'Brien, Cornerstone’s general manager for Asia-Pacific and the Middle East, has taken up the interim position. O'Brien will continue to perform his existing duties and lead the Dubai office of Cornerstone.
The board has commenced a search for a permanent appointment as COO.
"As our business continues to expand, the establishment of the FXPress COO position will strengthen our operations and support our growth,” said Julian Wheatland, the chief executive officer of Cornerstone.
Wheatland said O’Brien has significant experience in the foreign exchange industry, much of which has been in leadership positions.