Argentum 47, Inc. announced that the Board of Directors has appointed a new Chief Executive Officer. On February 1, 2020, Mr. Peter J. Smith stepped down as the Company’s Chief Executive Officer. The Board of Directors voted favourably to employ Mr. Nicholas P. Tuke as the company’s new Chief Executive Officer. The Board of Directors also agreed that Mr. Peter J. Smith will continue in his role as a member of the Board of Directors along with Mr. Enzo Taddei, who will also continue as the Company’s Chief Financial Officer. Mr. Smith’s decision to step down as CEO was purely motivated in order to allow him to concentrate 100% of his time on the growth by acquisition strategy that the Company implemented in 2018 and to hand over the financial services business to Mr. Tuke, who has extensive and proven experience in that field. Alongside his new role as CEO of Argentum 47, Inc., Mr. Tuke will continue in his role as Managing Director of the Company’s wholly owned United Kingdom subsidiary, Cheshire Trafford (UK) Limited. The first executive decision that Mr. Tuke made as the Company’s new CEO was to employ Mr. Kenneth Kennison under the Cheshire Trafford (UK) Limited banner. Mr. Kennison, the company’s new lead Independent Financial Adviser, has been tasked to organically grow the funds under administration of the company and brings vast experience, know-how and knowledge to the Cheshire Trafford team.