K2 Asset Management Holdings Ltd. announced the appointment of Mr. Neil Sheather as a Non-Executive Director effective 1 July 2023. Mr. Sheather will also be appointed a Non-Executive Director of K2 Asset Management Limited. Mr. Sheather joins the Board with extensive financial services experience in the Asia Pacific region.

Mr. Sheather is currently the managing director and executive chairman of Finexia Financial Group Limited. Mr. Sheather oversees the overall business strategy with strong involvement in the company's compliance and risk management framework attached to its Australian Financial Services Licence. As the independent Non-Executive Director, Mr. Sheather will support the continued expansion of the K2 business as the Board continues to focus on sustainable revenue and profitability.

This appointment is the first of a number of initiatives to structure K2 for scalable growth, including additional independent board member appointments as the business continues to expand and meet key milestones. Mr. Sheather will stand for re-election at K2's annual general meeting to be held in November 2023.