Global Petroleum Limited announced the appointment of new Executive Chairman Daniel Page to the board with immediate effect. Also appointed to the board with immediate effect are Cecilia Yu as Executive Director and Azib Khan as a non-Executive Director. Mr. Andrew Draffin will continue as a non-Executive Director and Company Secretary. Following this agreement, it is also noted that Mr. Peter Hill, Mr. John van der Welle and Mr. Garrick Higgins have resigned from the Company's Board with immediate effect. The outgoing Directors, in order to assist the incoming Board with the conservation of funds, have agreed to waive all outstanding past and present remuneration and fees, including those relating to contractual notice periods. Dan has more than 23 years of experience across the financial services sector. He spent the first third of his career in Investment Banking with Deutsche Bank and Goldman Sachs where he focussed predominantly on the Credit Derivative markets. His move into the buy side saw him spend 7 years with the Bedrock Group in a variety of roles as a GP and LP before co-founding the firm's technology led platform business, BRT. Dan then went on to build an Enterprise Risk Management consultancy which was assumed by KPMG where he led the Asset Management Advisory Practice across EMEA for a further 9 years. As a practice under Dan's tenure AMA was at the forefront of advisory forward value creation. Dan continues to leverage that experience to help firms build elite commercial organizations and achieve superior results for investors. Cecilia has 15 years of experience across the financial service industry. She began her career as a structured credit trader at Citigroup and JP Morgan, before moving on to help building out what became one of the leading structured credit hedge funds, Serone Capital. During her decade in trading and investing, her primary focus was in structured credit solutions credit synthetics, and macro credit. Since then, she built out and headed the capital markets function at Prytek, a multi-billion-dollar private equity holding company, where she executed and syndicated multiple cross-border buyout transactions in the fintech space.
She has advised multiple fintech ventures both in the trad-fi and blockchain space, and currently is Head of Markets at Deep Knowledge Group, a longevity, deeptech, fintech consortium. Azib has covered the banking sector since 2006, most recently as the lead banking analyst at Morgans Financial for six years prior to joining E&P Financial Group Limited. Prior to Morgans, Azib covered the Australian banks and diversified financials primarily at BBY and Wilson HTM. Azib began his career as an Actuarial Consultant at PricewaterhouseCoopers, consulting to banks and general insurers. Azib is an Associate of the Institute of Actuaries of Australia (AIAA) and has a Bachelor of Commerce - Actuarial Studies from Macquarie University. He is resident in Australia.