Financial and Business News

BUX Names New Chief Risk & Compliance Officer amid Acquisition

Wednesday, 10/07/2024 | 04:46 GMT by Arnab Shome
  • Nontya Mtshaulana will join the neobroker from ABN AMRO, its new owner.
  • Her focus will be on ensuring practices that safeguard the interests of clients and stakeholders.
BUX

Dutch neobroker BUX, now owned by ABN AMRO, announced today (Wednesday) the appointment of Nontya Mtshaulana as Chief Risk & Compliance Officer (CR&CO) and member of the Management Board. Her new role will be effective from 1 September 2024.

Safeguarding Interests of Clients and Stakeholders

At BUX, she will lead the company’s risk, legal, and compliance efforts and ensure practices that safeguard the interests of clients and stakeholders.

“BUX’s mission to make investing accessible, intuitive, and affordable for everyone aligns perfectly with my professional values, and I look forward to contributing to the company’s continued success by ensuring that our risk, legal, and compliance practices are best-in-class,” Mtshaulana said.

An Experienced Auditor

Interestingly, she will join BUX from ABN AMRO, the Dutch lender that recently completed the acquisition of the local neobroker. She has been a part of ABN AMRO for almost the past eight years and currently holds the role of Programme Manager of Sustainable Finance Regulations.

Nontya Mtshaulana
Nontya Mtshaulana

Mtshaulana is a Chartered Accountant and CFA Charterholder and will bring over 15 years of experience to her new role at BUX. In her early professional years, she worked with PwC as a Senior Associate in Audit and then moved to the South African and Netherlands branches of PwC consecutively.

“Her deep industry expertise and familiarity with ABN AMRO will be instrumental in our integration efforts and in achieving our long-term goals,” said Yorick Naeff, CEO of BUX. “The appointment of Nontya underscores our commitment to maintaining the highest standards in risk, legal, and compliance, reinforcing BUX’s position as a trusted platform for retail investors.”

Established in 2013, BUX is headquartered in the Netherlands and offers services across Europe, including Belgium, France, Germany, Spain, Italy, Austria, and Ireland. According to the company, it has about 500,000 clients across Europe.

ABN AMRO expanded its grip in the retail investment space by acquiring BUX. The acquisition positions the combined entity as one of the Netherlands' top platforms for new investors.

Earlier this year, BUX also appointed Marcel Jongmans, with 30 years of experience in the financial services sector, as the board's new Chairperson.

Dutch neobroker BUX, now owned by ABN AMRO, announced today (Wednesday) the appointment of Nontya Mtshaulana as Chief Risk & Compliance Officer (CR&CO) and member of the Management Board. Her new role will be effective from 1 September 2024.

Safeguarding Interests of Clients and Stakeholders

At BUX, she will lead the company’s risk, legal, and compliance efforts and ensure practices that safeguard the interests of clients and stakeholders.

“BUX’s mission to make investing accessible, intuitive, and affordable for everyone aligns perfectly with my professional values, and I look forward to contributing to the company’s continued success by ensuring that our risk, legal, and compliance practices are best-in-class,” Mtshaulana said.

An Experienced Auditor

Interestingly, she will join BUX from ABN AMRO, the Dutch lender that recently completed the acquisition of the local neobroker. She has been a part of ABN AMRO for almost the past eight years and currently holds the role of Programme Manager of Sustainable Finance Regulations.

Nontya Mtshaulana
Nontya Mtshaulana

Mtshaulana is a Chartered Accountant and CFA Charterholder and will bring over 15 years of experience to her new role at BUX. In her early professional years, she worked with PwC as a Senior Associate in Audit and then moved to the South African and Netherlands branches of PwC consecutively.

“Her deep industry expertise and familiarity with ABN AMRO will be instrumental in our integration efforts and in achieving our long-term goals,” said Yorick Naeff, CEO of BUX. “The appointment of Nontya underscores our commitment to maintaining the highest standards in risk, legal, and compliance, reinforcing BUX’s position as a trusted platform for retail investors.”

Established in 2013, BUX is headquartered in the Netherlands and offers services across Europe, including Belgium, France, Germany, Spain, Italy, Austria, and Ireland. According to the company, it has about 500,000 clients across Europe.

ABN AMRO expanded its grip in the retail investment space by acquiring BUX. The acquisition positions the combined entity as one of the Netherlands' top platforms for new investors.

Earlier this year, BUX also appointed Marcel Jongmans, with 30 years of experience in the financial services sector, as the board's new Chairperson.

Topics
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bux
About the Author: Arnab Shome
Arnab Shome
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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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