Marble Financial Inc adds financial markets veteran Frederik Westra to its advisory board

Marble Financial Inc, an AI-powered fintech company, has added financial services and capital markets veteran Frederik Westra to the firm’s advisory board as the company expands its fintech capabilities.

In a statement, the Vancouver-based company said Westra has nearly 17 years of industry experience managing teams and processes providing services in equities, fixed income, foreign exchange, financing and mergers and acquisitions to institutional investors and corporate issuers.

Most recently, Westra served as Head of Capital Markets at one of Canada’s largest investment dealers, Industrial Alliance (TSX:IAG) Securities Inc., where he oversaw research, banking investment, equity and debt capital markets/syndication, as well as institutional sales and trading across all products.

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Earlier in his career, Westra also held equity research positions at a Canadian bank and one of Canada’s largest independent brokerages. Westra holds a Bachelor of Commerce degree from the John Molson School of Business in Finance and Economics, where he graduated with honors.

“We are delighted to welcome Frederik to our advisory board,” Marble CEO Karim Nanji said in a statement. “Given his successful career spanning more than a decade in capital markets and corporate finance, he will be able to leverage his expertise to contribute to our future growth. We look forward to working with him to achieve our corporate goals.

Westra noted that Marble has assembled an “exciting” collection of fintech capabilities to address challenges in the financial services market, for financial institutions and their customers.

“I look forward to sharing my experience and helping the team execute and achieve their strategic vision,” said Westra.

Meanwhile, Marble announced the grant of 400,000 restricted stock units (RSU) to Westra, in line with the company’s long-term performance incentive plan. Each RSU represents the right to receive, once acquired, one ordinary share of the capital of the company.

Separately, the company said it also granted a total of 1.4 million stock options to its directors and a certain consultant. The options expire in five years and vest as follows: one million stock options vest on the grant date; and 400,000 stock options vest in an equal amount of one quarter every three months from the date of grant. Stock options are issued at $0.13 per share.

Marble’s MyMarble platform harnesses the power of machine learning, data science and AI to leverage its data-driven strategies through technology solutions Connect, Inverite, MyMarble, Fast-Track, Learn and Boost to empower consumers to achieve financial wellness.

Contact author Uttara Choudhury at [email protected]

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