MoneyHero CFO Hao Qian to Step Down as EPS Outlook Moves Positive

MoneyHero's stock (NASDAQ: MNY) is moving up to the tune of 4.43% in the pre-market as the personal finance and digital insurance company has announced that Hao Qian, its Chief Financial Officer (CFO), will be stepping down from his position effective 15 December 2024.

The company has confirmed the appointment of its Group Finance Director, Danny Leung, as interim CFO to ensure a smooth transition. In recent days, the company delivered earnings with an EPS of $0.10. This marks a significant improvement from previous quarters, indicating a positive trend in the company's financial performance. The company has also projected earnings growth for the upcoming year, with EPS expected to rise from a loss of $0.43 to a loss of $0.02 per share.

Hao Qian, who joined MoneyHero in May 2024, brought nearly two decades of expertise in financial leadership to the role, with a background that includes senior positions at Alibaba Group, Amazon, and Credit Suisse. His tenure at MoneyHero has been marked by significant contributions to the company’s financial management, including oversight of investor relations, compliance, and strategic projects such as mergers and acquisitions.

To bridge the leadership gap, Danny Leung will assume the CFO role on an interim basis. Having joined MoneyHero in 2019, Leung has been instrumental in steering the company’s financial operations and has collaborated closely with both Hao Qian and his predecessor, Ivan Ho. His in-depth knowledge of the organisation’s operations positions him to lead effectively during this period of change.

MoneyHero has also announced that a formal search for a permanent CFO is underway, with the assistance of globally recognised executive search consultants. The company has expressed confidence in maintaining financial continuity as it navigates this leadership transition.

The move comes as MoneyHero continues to strengthen its market position in Southeast Asia by offering users advanced tools for comparing personal finance products and digital insurance.