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Queensland-based DayTek Capital hires Christoph Flefel as chief risk and compliance officer

Source: DayTek Capital

DayTek Capital is pleased to announce the appointment of Christoph Flefel, as its new Chief Risk and Compliance Officer.

Mr Flefel is a highly experienced and well-regarded Risk and Compliance expert in the private equity, investment banking and forex industries covering numerous regulated jurisdictions, such as New York, London, and Dubai. Having held CRO and Compliance Director positions, he has been particularly successful in supporting international projects, start-ups, and entity expansions.

The combination of his experience and drive makes Mr Flefel an ideal fit to support DayTek Capital’s banking application and launch of “Infinity” in 2020, to be based in Brisbane, Queensland. Will Banks, CEO of DayTek Capital said, “We are delighted that Christoph has agreed to join DayTek Capital as its Chief Risk and Compliance Officer. Christoph brings with him extensive regulatory and risk knowledge and I am personally very pleased that we have been able to attract someone with his calibre, knowledge and track record. We very much look forward to him joining the team”.

Infinity has already generated great interest in Australia, with the federal government offering assistance in support of the venture. Trade & Investment Queensland, the Queensland Government’s dedicated global business promotion agency, is also supporting Infinity and its potential to create skilled jobs in Queensland.
DayTek Capital, is still on track to launch Infinity in the first half of 2020 with a vision to becoming the first “product-disruptive” bank in Australia.

Initially starting with a prepaid card, the business is already working towards its Restricted Authorised Deposit-Taking Institution Licence, with an aim for it to be completed later that year.

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