SYDNEY, AUSTRALIA: The Board of DomaCom Limited (ASX: DCL) has appointed a brand new Chairman, Chief Executive Officer of the Company and a brand new director.
Former Liberal Party Leader and skilled economist and firm director, Dr John Hewson has been appointed DomaCom non-executive Chairman and skilled monetary services chief John Elkovich has been appointed Chief Executive Officer with immediate effect.
Ms Angela Williams additionally joins the board as an skilled marketer within the fintech space. Former DomaCom Chairman Grahame Evans stays on the Board as non-executive Deputy Chairman whereas former Chief Executive Officer Arthur Naoumidis has left the company.
Dr Hewson said the Board thanked Mr Naoumidis for his dedication and management of the corporate over the previous decade. “Arthur’s entrepreneurial skills in figuring out and bringing a revolutionary new providing to the market demonstrates his innate capability to pioneer in a market place which has lacked invention. We want him well in his future endeavors.”
Dr Hewson welcomed Mr John Elkovich to the role of CEO and looked ahead to engaging with him given his distinctive expertise within the monetary services and his ability to scale monetary services firms.
The new board, administration and its main shareholders have reconfirmed their perception within the DomaCom solution for the Australian market place and the main alternatives for DomaCom. The Board intends on promptly making use of for relisting of the corporate and after a brief review interval re commencing a main fundraising spherical to take benefit of a few of the alternatives to develop and scale the corporate substantially.
DomaCom Limited (ASX:DCL) owns and operates a fractional funding platform that gives actual options for SMSF’s, retirees and new home buyers. Using the DomaCom platform, investors could make fractional investments in a vary of asset classes collectively with property-related investments, mortgage-backed securities, renewables, affordable housing, incapacity lodging and debt securities via a distinctive perception construction tailor-made to them.
Retirees can promote a fraction of their home to investors, possibly household members, to assist them enhance their retirement income.
DomaCom runs a crowdfunding marketing campaign course of in which investors can commit as a lot as they need towards the acquisition of assets along with different like-minded investors. When a marketing campaign is complete, DomaCom purchases the asset, locations it in a sub-fund, and points the investors with units in proportion to the quantity they invested.
DomaCom’s proprietary platform permits Australians to make investments in almost any asset class, empowering them to create diversified portfolios with comparatively decrease minimal investments and aggressive cost structures.
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