Majic welcomes new members to its board of directors

By Edlyn Cardoza

Majic Wheels, Corp., a Delaware corporation positioning itself as a player in the disruptive industries of FinTech and software development using acquisitions, announces the appointment of new directors to the board.

Majic Wheels Corp warmly welcomes Mr. Sathyanandham Anguswami as Executive Director & COO, Mr. Subramanyeswara Sarma Vempati as Executive Director & CFO, Mr.  Kottarapattil Asok Don as Executive Director & CTO and Mr. Amir Dossal as Independent Director.

Anguswami, Director & COO, brings 30 years of fund management experience specialized in technical analysis of global currency futures & options and crypto markets. Since joining CGCX in 2017, Anguswami has been instrumental to the fast-paced growth of Calfin Global Crypto Exchange. Earlier, he managed a Dubai Gold and Commodities Exchange member firm for about a decade and successfully launched a Shariah Compliant Managed Commodities Account, a first of its kind for gold futures contracts in the region. Anguswami’s primary role will consist of maximizing the synergies of the planned acquisitions of the Company.

As Chief Finance Officer of Majic, Vempati will lead a top-notch finance and accounting team to implement prudent financial strategies to accelerate business expansion and profitable growth. Vempati currently holds the position of Chief Finance Officer of CGCX, and prior to that, he was the finance manager at Octagon International, Dubai, UAE. He also has a background and experience as an Investment Analyst from his previous roles at Al Rostamani Capital, Dubai, UAE and as a Research Analyst at Anush Shares and Securities, Chennai, India. Vempati’s vast experience at fast-growing companies and his robust audit and financial control background will be valuable assets in the following stages of Majic’s development.

Don brings a deep technical experience to the team with his comprehensive background in Blockchain, Big Data, Machine Learning, Data Analytics, Multimedia, Software Architecture Design, and Digital Consultation. In addition, he brings new energy in his capacity as CTO to propel Majic into its next phase of growth. Don’s true visionary mindset, combined with the suite of innovative technology, will lead Majic’s continued investments in the FinTech field.

In addition, Amir Dossal, the UK based Chartered Accountant and a 25-year veteran of the United Nations, has joined Majic Wheels Corp as an Independent Director. With numerous global recognitions & laurels to his name, Dossal will be instrumental in shaping growth strategies and global expansions to strengthen internal controls further, improve corporate governance, and prepare the Company for its next growth stage. He would also serve as the Chairman of the Audit Committee of Majic.

“The new team of directors to the board possesses a rich experience handling various aspects of global fintech businesses in addition to strategy formulation for business digital transformation. They bring in rich insights on strategy, execution, stakeholder management, managing risks and regulatory affairs. Their diverse knowledge and expertise will surely help us steer ahead in our future-fit journey.” said David Chong, Chief Executive Officer of Majic Wheels Corp.

Being the Delaware holding corporation that pushes the boundaries in disruptive FinTech & software industries with multiple acquisitions, Majic Wheels Corp continues its successful journey to pinnacle growth with a globally renowned & experienced executive team.