Identitii Limited announced that Mr. John Rayment has been appointed to the role of Chief Executive Officer and Managing Director, effective immediately, as part of a broader board rejuvenation. Mr. Steve James has joined Identitii's Board as a Non-Executive Director and Mr. Nick Armstrong, the Company's Co-Founder and former CEO, has been appointed as the Company's Chairman, both also effective immediately. This follows the resignation of the Company's former Chairman, Mr. Mike Aston and former Non-Executive Director Peter Lloyd.

Mr. Rayment brings to Identitii significant global experience in selling enterprise solutions into financial institutions and building the technology, supply-chain and after sales infrastructure to support those financial institutions. Mr. Rayment has held board and executive roles with Travelex in Asia Pacific, North America and the United Kingdom, working predominantly in its global enterprise business, delivering forex solutions to financial institutions and corporations in more than 75 countries. Mr. Rayment has also provided advisory support to many early-stage ventures, helping them develop capital raising and revenue growth strategies.

Experienced senior executive and board member Steve James has joined the Board of Identitii effective immediately. Mr. James brings extensive experience working with and in financial services organizations to Identitii's Board. He has held senior leadership and Board positions at multiple public and private organizations, including the Commonwealth Bank of Australia, CommSec, Aston Consulting, Motorcycling Australia and Seer Asset Management, and will bring valuable insight to the Company in relation to investor relations, customer engagement and overall product value, among other things.

Mr. James played a pivotal role in developing the first online stock broking business for financial planners, which was later sold into CommSec to become the large adviser broking platform in Australia. In addition, the Company's Co-Founder Nick Armstrong will assume the role of Chairman, to support the incoming CEO and continue to help shape the future strategy of the Company. Mike Aston and Peter Lloyd have resigned from the Company's board with immediate effect.