TORONTO, March 7,
2023 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTCQB:
FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); an institutional
capital markets and advisory platform focused on digital assets, is
pleased to announce that Samuel
Andrew has joined the firm as Head of Investments, effective
immediately. In his capacity, Mr. Andrew will be responsible for
FRNT's principal investment strategy and building out the broader
client-facing business lines related to active investment in
digital assets, web-based finance and other new industry.
Mr. Andrew has a unique combination of experience in traditional
and digital asset investments. He previously spent 8 years as a
senior investment analyst at BlueMountain Capital, a New York based multi-strategy hedge fund with
$22 billion of assets under
management. He began his career in investment banking at Credit
Suisse in London. He is the author
of Crypto Clarity, a leading research publication.
"I'm excited to join FRNT and build the firm's investment
business," said Sam Andrew. "We're
in a unique position to leverage FRNT's existing businesses to
deploy capital effectively. There's a large untouched opportunity
in public and private digital asset investments. We've developed a
unique strategy to capitalize on the opportunity. FRNT has
diligently navigated the recent market turmoil. Their leading
position speaks to its sound management and responsible growth.
We're in a great position to continue growing and create value in
the crypto ecosystem and for our investors."
"FRNT is a high-growth company expanding into new business
opportunities. We're thrilled to add Sam to our team," said
Stéphane Ouellette, CEO and Co-Founder of FRNT. "Sam has extensive
investment experience in public and private investments in
traditional and crypto markets. His institutional
investment background makes him uniquely qualified to build our
investment business. He has a track record for delivering results
and creating value. We are excited to utilize his expertise to
continue to build long-term value for shareholders and
clients."
About FRNT Financial
Inc.
FRNT is an institutional capital markets and advisory platform
focused on digital assets. FRNT, through a technology-forward and
compliant operation, aims to bridge the worlds of traditional and
web-based finance. Partnering with both financial institutions and
crypto native firms, FRNT operates 5 synergistic
business lines including deliverable trading services,
institutional structured derivative products, merchant banking,
advisory and consulting, and principal investments & trading.
Co-founded in 2018 by CEO Stéphane Ouellette, FRNT is a global firm
headquartered in Toronto,
Canada.
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Cautionary Note Regarding
Forward-Looking Information
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable law.
Generally, forward-looking statements and forward-looking
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actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". All forward-looking
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assumptions that have been made by the Company as at the date of
such information. Forward-looking statements and forward-looking
information are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements and forward-looking information,
including but not limited to: the general risks associated with the
speculative nature of the Company's business, current global
financial conditions, uncertainty of additional capital, price
volatility, no history of earnings, government regulation in the
industries in which the Company operates, political and economic
risk, absence of public trading market, arbitrary offering price,
dilution to the Company's common shares, dependence on key
personnel, currency fluctuations, insurance and uninsured risks,
competition, legal proceedings, conflicts of interest and lack of
dividends. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements and forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements or information. Accordingly, readers should not
place undue reliance on forward-looking statements or
forward-looking information. The Company does not undertake to
update any forward-looking statement or forward-looking information
that is included herein, except in accordance with applicable
securities laws.
SOURCE FRNT Financial Inc.