QuantGate Systems Inc. Announces Update to Board Members and Strategic Advisor

·5 min read

Toronto, Ontario and New York, New York--(Newsfile Corp. - May 6, 2021) - QuantGate Systems Inc. (OTCQB: QGSI) (the "Company"), an Artificial Intelligence ("AI"), Machine Learning ("ML") SaaS-based Fintech solutions provider, is pleased to announce, effective immediately, updates and appointments to the company's Board of Directors, as well as a Strategic Advisor.

Wayne Welter, currently an Independent Board Member, will be assuming the role of Chairman, and Stuart Hensman, will be joining as Independent Director and Chair of the Audit Committee. Also joining QuantGate, as Strategic Advisor, is Dinesh Kandanchatha. Michel Lebeuf, Chief Legal Officer and board member will be stepping down immediately to pursue personal interests. The Company wishes to extend their thanks to Mr. Lebeuf for his contribution over the last few years, and wishes him well in his future endeavours.

Mr. Wayne Welter has been involved in the Financial Services industry for over 25 years, as a Portfolio Manager and Investment Advisor. During the past 15 years, Mr. Welter has provided advisory and consulting services to numerous North American and International companies on business development and strategic growth. With an extensive global network of strategic banking, legal, investment and management relationships, Mr. Welter has successfully participated in, and financed, projects in Europe, Middle East, Asia and China. The last 5 years, Wayne has focused on building a Private Family Office, investing in Fin-Tech and Healthcare related companies, both in North America and Europe.

Mr. Stuart Hensman possesses both a Bachelor of Arts and Master of Science degree and has held a number of executive leadership roles in the financial services industry over the past 40 years. He has occupied the position of Chairman & Chief Executive Officer for Scotia Capital Inc. (USA), as Managing Director (Equities) for Scotia Capital Inc (United Kingdom), Chairman of the Board of Governors at CI Funds, Chairman of the Board of Creststreet Asset Management and Chairman of the Board of Creststreet Power and Income Fund. In addition to chairing the above noted Boards, Mr. Hensman, has also chaired Audit, Compensation and Governance and Nominating Committees on a number other Boards where he served.

Mr. Dinesh Kandanchatha is currently the Chairman and Chief Executive Officer of Windfall Geotek, an AI data analytics company. Previously, Dinesh was Founder and Chief Technology Officer of Patriot One Technologies Inc. A seasoned tech entrepreneur who has built, exited, led, and invested in over 14 companies, Dinesh has provided advisory and consulting services to numerous North American and International companies on business development and strategic growth. Dinesh lead Business Development initiatives at Macadamian Technologies, one of the hottest product consultancies in Canada. During his years at Macadamian Technologies, he developed and integrated sales and marketing strategies to facilitate double-digit growth and created some of the most revolutionary products in the technology space. Dinesh's 20 years of experience building and scaling SaaS products has given him a global network and tools required to implement mechanisms that help CEOs avoid pitfalls and grow their business.

These appointments provide the depth and breadth of professional, compliance, and technical experience needed to guide and drive the growth of QuantGate's proprietary, SaaS-based fintech solutions and analytics in the North American and global markets.

Leonardo Cardoso, CEO of QuantGate Systems Inc., comments: "It's a pleasure to welcome Wayne, Stuart, and Dinesh, three highly accomplished industry veterans, to our team. Their collective experience across a range of strategic roles including technology, capital markets, and corporate governance arena's, will be key to our efforts in creating awareness and driving the adoption of our SaaS-based solutions, as well as establishing a solid business foundation to do so."

Ilan Yosef, CTO of QuantGate, states: "With the launch of QuantGate Crypto, our crypto focused division (March 23rd, 2021), Mr. Welter and Mr. Kandanchatha's involvement will be essential in driving the our presence, technology, and intelligence as a SaaS solutions provider in the crypto marketplace. We are delighted to have them onboard."

About QuantGate Systems Inc.

QuantGate Systems Inc. (OTCQB: QGSI) (QuantGate Systems) is a publicly traded fintech company operating for 10+ years, developing sophisticated Artificial Intelligence (AI), Machine Learning (ML) and proprietary big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Our core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and perfected for cryptocurrency exchanges, enabling our valued clients to make better informed investment decisions. Turnkey solutions and efficient API's, founded on robust and scalable SaaS architecture, easily allow 3rd party integration for onboarding existing users, and scaling globally.

Forward-Looking Statements

Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as "may", "could", "anticipate", "believe", "estimate", "expect", "intend", "plan", and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. The Company cautions that all forward-looking statement are inherently uncertain and that actual results could differ materially from those contemplated by the forward-looking statements.

QuantGate Systems Inc. does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in QuantGate filings with the United States Securities and Exchange Commission.

Media Contacts

QuantGate Systems:
media@quantgatesystems.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83112

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