Sygnia Limited announced that the board of directors has reluctantly accepted the resignation of Mr. David Hufton as chief executive officer of the Company and respects his decision to take a career break after more than 30 years in the financial services industry. Mr. Hufton will continue to serve in his current role until 30 April 2023 in order to facilitate a smooth transition in leadership. He will also be available thereafter to assist as and where required.

The board is pleased to further advise that Ms Magda Wierzycka will resume her role as chief executive officer of the Company with effect from 1 May 2023. Ms Wierzycka is the co-founder of Sygnia and previously served as its chief executive officer from inception in November 2006.