FRNT Financial Announces Appointment of Samuel Andrew as Head of Investments
TORONTO, March 7, 2023 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTCQB: FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); an institutional capital markets and advisory platform focused on digital assets, is pleased to announce that Samuel Andrew has joined the firm as Head of Investments, effective immediately. In his capacity, Mr. Andrew will be responsible for FRNT's principal investment strategy and building out the broader client-facing business lines related to active investment in digital assets, web-based finance and other new industry.
Mr. Andrew has a unique combination of experience in traditional and digital asset investments. He previously spent 8 years as a senior investment analyst at BlueMountain Capital, a New York based multi-strategy hedge fund with $22 billion of assets under management. He began his career in investment banking at Credit Suisse in London. He is the author of Crypto Clarity, a leading research publication.
"I'm excited to join FRNT and build the firm's investment business," said Sam Andrew. "We're in a unique position to leverage FRNT's existing businesses to deploy capital effectively. There's a large untouched opportunity in public and private digital asset investments. We've developed a unique strategy to capitalize on the opportunity. FRNT has diligently navigated the recent market turmoil. Their leading position speaks to its sound management and responsible growth. We're in a great position to continue growing and create value in the crypto ecosystem and for our investors."
"FRNT is a high-growth company expanding into new business opportunities. We're thrilled to add Sam to our team," said Stéphane Ouellette, CEO and Co-Founder of FRNT. "Sam has extensive investment experience in public and private investments in traditional and crypto markets. His institutional investment background makes him uniquely qualified to build our investment business. He has a track record for delivering results and creating value. We are excited to utilize his expertise to continue to build long-term value for shareholders and clients."
FRNT is an institutional capital markets and advisory platform focused on digital assets. FRNT, through a technology-forward and compliant operation, aims to bridge the worlds of traditional and web-based finance. Partnering with both financial institutions and crypto native firms, FRNT operates 5 synergistic business lines including deliverable trading services, institutional structured derivative products, merchant banking, advisory and consulting, and principal investments & trading. Co-founded in 2018 by CEO Stéphane Ouellette, FRNT is a global firm headquartered in Toronto, Canada.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable law. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company as at the date of such information. Forward-looking statements and forward-looking information 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 forward-looking statements and forward-looking information, including but not limited to: the general risks associated with the speculative nature of the Company's business, current global financial conditions, uncertainty of additional capital, price volatility, no history of earnings, government regulation in the industries in which the Company operates, political and economic risk, absence of public trading market, arbitrary offering price, dilution to the Company's common shares, dependence on key personnel, currency fluctuations, insurance and uninsured risks, competition, legal proceedings, conflicts of interest and lack of dividends. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or forward-looking information. The Company does not undertake to update any forward-looking statement or forward-looking information that is included herein, except in accordance with applicable securities laws.
SOURCE FRNT Financial Inc.
FRNT FINANCIAL INC.: Chief Executive Officer, Stéphane Ouellette, [email protected], 833 222-3768, https://www.frnt.io
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