Germany-based ayondo brought on Rick Fulton as new CFO last week. Fulton is former managing director and regional CFO for Asia and Oceania of Daiwa Securities, where he worked in the company’s Hong Kong office for six years. Previously, Fulton served at RBS, Deutsche Bank, and AMN AMBRO.

This news comes after last month’s discussions of the company’s pending reverse takeover IPO on the Singapore Exchange (SGX). Finance Magnates uncovered ayondo’s regulatory filings with the SGX detailing a memorandum of understanding regarding the proposed acquisition of property developer and real estate investment firm Starland Holdings Limited (STHL). The filing took place April 13th, the same day ayondo announced its plans for a reverse takeover.

Robert Lempka, CEO of ayondo commented on Fulton’s strategic appointment: “With his extensive experience as a financial services industry CFO, especially in the Asian region, Rick will play a crucial role in the planned listing of ayondo in Singapore.”

Founded in 2008 and valued at $155 million, ayondo has offices in Germany, Singapore, and London. At FinovateEurope 2013, the company debuted ayondo 3.0, the third generation of its social trading platform that enhanced usability, social interaction, and guidance offered to top traders.