AxiCorp has announced its latest senior appointment, following a period of strong growth for the group across several new jurisdictions. Per the hire, Patrick Salis will be joining the group as its newest Chief Financial Officer (CFO), based out of Australia.

Salis will be succeeding AxiCorp’s veteran CFO, Simon Hodgkiss who will be remaining with the company in a newly created role as its Chief Risk Officer (CRO). The shift in personnel and hire of Salis comes amidst a global regulatory shift following a number of new compliance requirements put in place over the past year.

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During this time, AxiCorp has also seen a growth in its client volume and operations, ultimately necessitating a duality of roles and the installment of a CRO in Hodgkiss. Rajesh Yohannan, CEO at AxiCorp, commented on the appointment: “We have ambitious plans for the business and Patrick’s deep knowledge, wide-ranging experience and global outlook are ideally suited to helping take AxiCorp to the next level. I’d like to welcome him to the team and look forward to working closely with him.”

Indeed, 2018 has seen no shortage of regulatory changes in the financial services space. This includes an emphasis on privacy laws that require more diligence and focus to navigate through. Consequently, Hodgkiss will help spearhead this effort, especially with AxiCorp also recently acquiring licenses in other jurisdictions such as Dubai and New Zealand.

In this capacity, Hodgkiss will also help ensure AxiCorp’s compliance with any global regulatory challenges, while also leveraging any appropriate risk management frameworks. “We’re very fortunate to already have a great team in place with very high standards when it comes to dealing with risk and compliance in different markets across the world. With a dedicated CRO in place, we’ll be able to ensure these high standards continue to be maintained by staff right across the business,” noted Yohannan.

“Simon has been with AxiCorp for several years so he already has intricate knowledge of our business, he knows the industry and he understands the frameworks we need to work within. This makes him the ideal person to take on this important portfolio,” he added.

For his part, Salis joins AxiCorp with a lengthy resume in the financial services sector. Most recently he worked as the CFO and COO at GBST Holding Ltd. Prior to this role he also worked as the CFO of Virgin Money (Australia) and JDV Ltd.

The majority of his career has focused on corporate finance, compliance, and strategic operations, with an emphasis on investor relations and mergers and acquisitions activity. His experience in these areas will be an asset to AxiCorp following the transition of Hodgkiss into his new role.