December 21, 2021 - Digital assets financial services company EQONEX, today announced that its Board of Directors is engaged in a broad review of the strategic direction of the company. The Board has determined that Richard Byworth, Chief Executive Officer, will step down with immediate effect. Andrew Eldon, Chief Operating Officer has been appointed interim Chief Executive Officer and will be joining the Board.

Additionally, the EQONEX Board is engaged in ongoing strategic discussions with third parties including the evaluation of merger or takeover options.

Chi-Won Yoon, Chairman of EQONEX said today, "We are actively progressing strategic opportunities we believe will be transformational to our business. Andrew has a clear understanding of our mission and will bring considerable energy and experience to his expanded role. Andrew's focus in the short-term will be on operational execution, ensuring EQONEX delivers on existing plans and maximises current opportunities."

Andrew Eldon is an experienced senior executive with a track record in building and scaling digital businesses, operations, product development, product, and digital marketing and strategy design. He joined EQONEX from HSBC, where he most recently served as Group Head of Customer Growth & Advocacy and built and scaled PayMe – HSBC's award-winning payments app with over 2.5 million customers. Prior to HSBC, he worked in senior marketing, advisory and consulting roles in the retail, eCommerce, and professional services sectors.