First Global Data Limited announced that it has appointed Nayeem Alli as interim Chief Financial Officer. Mr. Alli was previously the CFO of the Corporation's subsidiary, First Global Data Corp. Prior to First Global, Mr. Alli served as Director, Corporate Planning and Business Analysis and Director, Financial Planning and Modeling for AT&T Canada Corporation.

Mr. Alli was also Associate Director, Decision Support, a CFO function within AT&T Canada Corp. Mr. Alli was appointed Interim CFO upon the resignation of Mr. Manny Bettencourt. Mr. Bettencourt resigned as CFO of the Corporation to pursue another opportunity.

Mr. Bettencourt will continue to serve as a director of the Corporation. Mr. Bettencourt will continue to provide input, guidance and ongoing support in his capacity as Director of the Corporation. The Corporation also announced that Ms. Pauline Fung-On has been appointed Vice President, Finance to support Mr. Alli.

Pauline is a designated CPA, CMA and a senior finance strategist with over 15+ years of professional experience working with C-level executives as a subject matter expert (advisory and functional) in Compliance, Corporate Strategy, Budget & Planning, Internal Controls, Business Transformation, Risk Mitigation, Critical Thinking, Project Management, Financial Reporting & Audit, and Corporate Finance, acquired from a diverse background of international engagements. Specific knowledge/skills include: IFRS, GAAP, Financial Services Industry Regulations, Business Case/Financial Modeling, and Market/Feasibility Studies. Ms. Fung-On had previously served as the Corporation's Director of Finance.

The Corporation will commence the process of identifying a candidate to fill the permanent position of CFO and it is expected that this process will be concluded prior to the end of this year. In addition, the Corporation is also announced that it has appointed Michael Caruso to its board of directors. Mr. Caruso is a partner in the Toronto office of Norton Rose Fulbright specializing in corporate law.

Mr. Caruso's practice focuses on domestic and cross-border mergers and acquisitions, private equity and venture capital investments, debt and equity financings, corporate reorganizations and complex debt restructurings, IT licensing agreements, strategic alliances/joint ventures, cooperation agreements and corporate governance.