Max Cunningham appointed CEO of FCX
Appointment of former ASX executive comes as FCX sees significant demand from private companies looking to ‘list’ on FCX
Sydney, 30 January 2023 – FCX, Australia’s first unlisted company securities platform built on distributed ledger technology, is pleased to announce the appointment of Max Cunningham as the company’s first CEO, effective 1 February 2023.
Max Cunningham brings an exceptional track record in equity capital markets and is highly regarded with institutional and corporate organisations in Australia and globally. Most recently, Max was Group Executive of Listings at the ASX, responsible for the origination of listed equity and investment products on the Exchange.
During his nine years at the ASX, Max oversaw significant growth in companies listing on the bourse and was instrumental in the ASX’s success attracting a record number of tech companies onto the Exchange. He left the business with a record $90.3 billion in capital raised over the first half of FY22 and the ASX welcoming 150 new listings in the same period.
Prior to the ASX, Max was Partner & Head of Syndication with Goldman Sachs Equity Capital Markets in Australia. He previously spent time with Goldman Sachs in New York and with Macquarie Bank in London and Sydney.
Max Cunningham’s appointment as CEO comes as FCX sees significant demand from private companies looking to ‘list’ on the platform. Max will work closely with FinClear’s CEO, David Ferrall and the current head of FCX, Dean Jagger who will continue to build out FCX’s tech offering and company on-boarding. FCX is a 100% owned subsidiary of FinClear, Australia’s largest independent tech and infrastructure provider for market access.
David Ferrall, CEO of FinClear, said: “We are delighted to welcome Max Cunningham to FCX. Max brings considerable experience in global financial markets and listings and is incredibly well regarded across the market. Importantly for our business, Max is recognised as a strong supporter of entrepreneurialism and innovation.
“The FCX platform is combining technological and regulatory expertise and rigour to tokenise securities in a secure way. We are applying our extensive experience in highly regulated, listed markets to give unlisted companies and investors the security they deserve.”
Commenting on his appointment, Max said: “It is a privilege to have been chosen to lead FCX. I am excited to be joining this dynamic business at what is a pivotal time in private markets. FCX is ideally suited to the current market dynamics – companies are staying private for longer, and their founders and management teams are looking for public market capabilities, without the associated costs and complexities. FCX is providing exactly that, through a unique combination of DLT backed technology, distribution and the regulatory framework which this opportunity demands.”
Dean Jagger commented “Max’s appointment as CEO is a fantastic endorsement of FCX and recognition of the future opportunities the platform will realise for private companies and their stakeholders, as well as for FCX itself. FCX mirrors what FinClear offers in listed shares and what the future standard of markets infrastructure should be.”
FCX is a leading centralised platform for unlisted company securities, providing unlisted companies with automated investor engagement and capital raising capabilities on a DLT-based registry, and private investors with seamless digital access to unlisted assets.
FCX is the future of unlisted asset platforms – a suitably regulated and permissioned investment world of direct securities that are all in the client’s own name, own wallet and held directly on a DLT based register.
In November 2022, FCX introduced tech facilities enabling automated equity raising for unlisted companies and capabilities with a Big 4 Bank for investors to make instantaneous, secure investments through digital ledger technology.
Max Cunningham appointed CEO of FCX
Appointment of former ASX executive comes as FCX sees significant demand from private companies looking to ‘list’ on FCX
Sydney, 30 January 2023 – FCX, Australia’s first unlisted company securities platform built on distributed ledger technology, is pleased to announce the appointment of Max Cunningham as the company’s first CEO, effective 1 February 2023.
Max Cunningham brings an exceptional track record in equity capital markets and is highly regarded with institutional and corporate organisations in Australia and globally. Most recently, Max was Group Executive of Listings at the ASX, responsible for the origination of listed equity and investment products on the Exchange.
During his nine years at the ASX, Max oversaw significant growth in companies listing on the bourse and was instrumental in the ASX’s success attracting a record number of tech companies onto the Exchange. He left the business with a record $90.3 billion in capital raised over the first half of FY22 and the ASX welcoming 150 new listings in the same period.
Prior to the ASX, Max was Partner & Head of Syndication with Goldman Sachs Equity Capital Markets in Australia. He previously spent time with Goldman Sachs in New York and with Macquarie Bank in London and Sydney.
Max Cunningham’s appointment as CEO comes as FCX sees significant demand from private companies looking to ‘list’ on the platform. Max will work closely with FinClear’s CEO, David Ferrall and the current head of FCX, Dean Jagger who will continue to build out FCX’s tech offering and company on-boarding. FCX is a 100% owned subsidiary of FinClear, Australia’s largest independent tech and infrastructure provider for market access.
David Ferrall, CEO of FinClear, said: “We are delighted to welcome Max Cunningham to FCX. Max brings considerable experience in global financial markets and listings and is incredibly well regarded across the market. Importantly for our business, Max is recognised as a strong supporter of entrepreneurialism and innovation.
“The FCX platform is combining technological and regulatory expertise and rigour to tokenise securities in a secure way. We are applying our extensive experience in highly regulated, listed markets to give unlisted companies and investors the security they deserve.”
Commenting on his appointment, Max said: “It is a privilege to have been chosen to lead FCX. I am excited to be joining this dynamic business at what is a pivotal time in private markets. FCX is ideally suited to the current market dynamics – companies are staying private for longer, and their founders and management teams are looking for public market capabilities, without the associated costs and complexities. FCX is providing exactly that, through a unique combination of DLT backed technology, distribution and the regulatory framework which this opportunity demands.”
Dean Jagger commented “Max’s appointment as CEO is a fantastic endorsement of FCX and recognition of the future opportunities the platform will realise for private companies and their stakeholders, as well as for FCX itself. FCX mirrors what FinClear offers in listed shares and what the future standard of markets infrastructure should be.”
FCX is a leading centralised platform for unlisted company securities, providing unlisted companies with automated investor engagement and capital raising capabilities on a DLT-based registry, and private investors with seamless digital access to unlisted assets.
FCX is the future of unlisted asset platforms – a suitably regulated and permissioned investment world of direct securities that are all in the client’s own name, own wallet and held directly on a DLT based register.
In November 2022, FCX introduced tech facilities enabling automated equity raising for unlisted companies and capabilities with a Big 4 Bank for investors to make instantaneous, secure investments through digital ledger technology.