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DAM Appoints Financial Services Practitioner, Aaron Payas CFA, as Non-Executive Director.

03/12/2018

Digital Asset Management (DAM) are pleased to announce the appointment of Mr Aaron Payas as a Non-Executive Director.

As the Company approaches the end of its first year of operations, the Company is happy to appoint Mr Payas as a Non-Executive Director who will assist with the prudential and sustainable development of the business.

Mr Payas‘ experience and interests come into the business as an ideal fit to assist the Company’s Board. Mr Payas, presently partner at Gibraltar international law firm, Hassans, has extensive experience in financial services, funds and fintech. His practice holds a predominant focus on funds, illustrated by his involvement in the launch of Gibraltar’s first digital asset (crypto) focused Experienced Investor Fund. He also is a Chartered Financial Analyst charterholder in investments and securities.

Mr Payas is an accomplished and recognised individual in the financial services community in Gibraltar. Mr Payas is also an executive member of the Gibraltar Funds and Investments Association. He is also recognised outside of his professional responsibilities competing at the highest level as an internationally capped footballer against teams including Germany, Belgium, Poland and Ireland.

Aaron will assist the Company by assisting the board in matters of governance and oversight of key matters relating to the management of the business as well as its prudential running and sustainable growth as an entity aspiring to operating in a regulatory environment and industry.

Mr Payas commented:

I am delighted to have joined the team at DAM as a non-executive director. Firstly, I would like to give my thanks to Sam, Philip and Thomas for this opportunity. I know the company well and am confident that we can grow DAM quickly. The next 6 to 8 weeks will be particularly exciting as we strategise and prioritise key projects which we have in the pipeline. The Founders have worked very hard to get the company to this point and I look forward to assisting them in pursuit of their goals.”

The founders of the business commented that:

 “we are extremely happy to have secured Aaron. His unique background is extremely relevant and ideally positioned to support DAM at this vital stage of growth and development. Having worked alongside Aaron as a counterpart of Gibraltar’s cryptocurrency and DLT ecosystem we know that his experience and passion align perfectly with the Board’s needs for external guidance and stewardship. 

He has a deep level of understanding of the frictions within our industry, the regulatory difficulty of firms such as ours providing a newly regulated product and financial services and responsibilities more widely that firms such as ours owe to the community and the public.

Aaron‘s appointment accompanies the Company’s depth and breadth of advisors who have assisted the business since its incorporation in 2017. Other advisers include former regulators, managing directors of accounting firms, wealth managers, corporate executive leaders with experience in international strategic development, technology entrepreneurs and renowned security professionals.

 

Digital Asset Management Limited (DAM) is a Gibraltar based Distributed Ledger Technology provider who have been effectively settling the exchange (from fiat), custody (storage) and management of millions of pounds worth of digital assets for funds, financial institutions, ICOs and high net worth individuals since 2017. DAM have received an in-principle decision from the Gibraltar Financial Services in respect of their application as an authorised DLT provider and are approaching the final stages of regulatory authorisation.