CASH Financial Services Group Management

Management criteria checks 2/4

CASH Financial Services Group's CEO is Bankee Kwan, appointed in Jan 2020, has a tenure of 4.83 years. total yearly compensation is HK$1.82M, comprised of 99% salary and 1% bonuses, including company stock and options. directly owns 6.06% of the company’s shares, worth €895.57K. The average tenure of the management team and the board of directors is 0.9 years and 2.3 years respectively.

Key information

Bankee Kwan

Chief executive officer

HK$1.8m

Total compensation

CEO salary percentage	99.0%
CEO tenure	4.8yrs
CEO ownership	6.1%
Management average tenure	less than a year
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bankee Kwan's remuneration changed compared to CASH Financial Services Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-HK$89m
Mar 31 2024	n/a	n/a	-HK$92m
Dec 31 2023	HK$2m	HK$2m	-HK$95m
Sep 30 2023	n/a	n/a	-HK$78m
Jun 30 2023	n/a	n/a	-HK$62m
Mar 31 2023	n/a	n/a	-HK$63m
Dec 31 2022	HK$2m	HK$2m	-HK$64m
Sep 30 2022	n/a	n/a	-HK$63m
Jun 30 2022	n/a	n/a	-HK$62m
Mar 31 2022	n/a	n/a	-HK$58m
Dec 31 2021	HK$2m	HK$2m	-HK$53m
Sep 30 2021	n/a	n/a	-HK$42m
Jun 30 2021	n/a	n/a	-HK$30m
Mar 31 2021	n/a	n/a	-HK$35m
Dec 31 2020	HK$2m	HK$1m	-HK$39m
Sep 30 2020	n/a	n/a	-HK$77m
Jun 30 2020	n/a	n/a	-HK$116m
Mar 31 2020	n/a	n/a	-HK$115m
Dec 31 2019	HK$869k	HK$828k	-HK$114m
Sep 30 2019	n/a	n/a	-HK$116m
Jun 30 2019	n/a	n/a	-HK$118m
Mar 31 2019	n/a	n/a	-HK$131m
Dec 31 2018	HK$1m	HK$1m	-HK$144m
Sep 30 2018	n/a	n/a	-HK$102m
Jun 30 2018	n/a	n/a	-HK$60m
Mar 31 2018	n/a	n/a	-HK$53m
Dec 31 2017	HK$1m	HK$1m	-HK$46m

Compensation vs Market: Bankee's total compensation ($USD233.61K) is below average for companies of similar size in the German market ($USD471.55K).

Compensation vs Earnings: Bankee's compensation has been consistent with company performance over the past year.

CEO

Bankee Kwan (64 yo)

4.8yrs

Tenure

HK$1,818,000

Compensation

Dr. Pak Hoo Kwan, also known as Bankee, JP, MBA, BBA, FFA, FHKSI, CPM(HK), FHKIM, DBA (Hon), MHKSI, MHKIM, CPA, has been Chief Executive Officer of CASH Financial Services Group Ltd. since January 1, 2020....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pak Hoo Kwan	Executive Chairman & CEO	4.8yrs	HK$1.82m	6.06% € 895.6k
Wai Kwong Lai	Executive Director	less than a year	no data	no data
Sze Kai Wong	Executive Director	2.3yrs	HK$708.00k	no data
Teng Hin Kwan	Deputy CEO & Executive Director	no data	HK$558.00k	1.04% € 153.4k
Tsz Yui Cheung	Executive Director & CFO	less than a year	no data	0.46% € 68.7k
Ryan Ng	Deputy Chief Operating Officer	less than a year	no data	no data
Chiu-Mei Law	Director of Human Resources & Administration	3.8yrs	no data	no data
Ying-Ying Huang	Director of Corporate Development	no data	no data	no data
Ka-Chun Ma	Managing Director of CASH Algo Finance Group	no data	no data	no data
Song Roland	Chief Executive Officer of Wealth Management	less than a year	no data	no data
Daniel Ho	Divisional Head of WealthTech	less than a year	no data	no data
Suet Ping Cheung	Company Secretary	3.2yrs	no data	no data

0.9yrs

Average Tenure

50yo

Average Age

Experienced Management: CFN's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Pak Hoo Kwan	Executive Chairman & CEO	24.3yrs	HK$1.82m	6.06% € 895.6k
Wai Kwong Lai	Executive Director	less than a year	no data	no data
Sze Kai Wong	Executive Director	2.3yrs	HK$708.00k	no data
Teng Hin Kwan	Deputy CEO & Executive Director	7.4yrs	HK$558.00k	1.04% € 153.4k
Tsz Yui Cheung	Executive Director & CFO	less than a year	no data	0.46% € 68.7k
Shu Shing Cheng	Independent Non-Executive Director	22.2yrs	HK$150.00k	no data
Ho Wah Chan	Independent Non-Executive Director	1.4yrs	HK$86.00k	no data

2.3yrs

Average Tenure

56yo

Average Age

Experienced Board: CFN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

CASH Financial Services Group Management

Management criteria checks 2/4

Key information

Recent management updates

Executive Chairman & CEO recently bought €104k worth of stock

Executive Chairman & CEO recently bought €573k worth of stock

CASH Financial Services Group Limited, Annual General Meeting, Jun 18, 2024

CASH Financial Services Group Limited Appoints Cheung Tsz Yui Morton as Chief Financial Officer

Cash Financial Services Group Limited Announces Management Changes

CASH Financial Services Group Limited Appoints Chan Ho Wah Terence as an Independent Non-Executive Director and A Member of the Audit Committee

Recent updates

First half 2024 earnings released: HK$0.047 loss per share (vs HK$0.092 loss in 1H 2023)

New major risk - Market cap size

CASH Financial Services Group Limited to Report First Half, 2024 Results on Aug 23, 2024

Executive Chairman & CEO recently bought €104k worth of stock

Executive Chairman & CEO recently bought €573k worth of stock

CASH Financial Services Group Limited, Annual General Meeting, Jun 18, 2024

Full year 2023 earnings released: HK$0.27 loss per share (vs HK$0.27 loss in FY 2022)

CASH Financial Services Group Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024

New minor risk - Financial data availability

CASH Financial Services Group Limited Appoints Cheung Tsz Yui Morton as Chief Financial Officer

Cash Financial Services Group Limited Announces Management Changes

First half 2023 earnings released: HK$0.092 loss per share (vs HK$0.11 loss in 1H 2022)

CASH Financial Services Group Limited to Report First Half, 2023 Results on Aug 25, 2023

New major risk - Shareholder dilution

CASH Financial Services Group Limited Appoints Chan Ho Wah Terence as an Independent Non-Executive Director and A Member of the Audit Committee

Cash Financial Services Group Limited Announces Management Changes

Cash Financial Services Group Limited Announces Retirement of Lo Kwok Hung John as Independent Non-Executive Director and Member of the Audit Committee

Full year 2022 earnings released: HK$0.27 loss per share (vs HK$0.21 loss in FY 2021)

First half 2022 earnings released

CASH Financial Services Group Limited to Report First Half, 2022 Results on Aug 10, 2022

Cash Financial Services Group Limited Appoints Ms Wong Sze Kai Angela as an Executive Director

Celestial Asia Securities Holdings Limited (SEHK:1049) made an offer to acquire remaining 57.7% stake in CASH Financial Services Group Limited (SEHK:510) for HKD 63.3 million.

CASH Financial Services Group Limited Announces Directorate Changes, Appointment of Key Exectuives and Change of Authorised Representative with Effect from June 1, 2022

Full year 2021 earnings released: HK$0.21 loss per share (vs HK$0.16 loss in FY 2020)

Less than half of directors are independent

CASH Financial Services Group Limited, Annual General Meeting, May 31, 2022

Cash Financial Services Group Limited Announces Resignation of Kwok Ka Lok Lionel from Executive Director

Less than half of directors are independent

Celestial Asia Securities Holdings Limited (SEHK:1049) cancelled the acquisition of remaining 59.91% stake in CASH Financial Services Group Limited (SEHK:510) (CFSG).

Celestial Asia Securities Holdings Limited (SEHK:1049) (CASH) completed the acquisition of additional 4.39% minority stake in CASH Financial Services Group Limited (SEHK:510) (CFSG) from Ng Hin Sing Derek, Cheung Wai Ching Anthony, Ho Tsz Cheung Jack, Law Ping Wah Bernard and Lau Chi Wo.

CASH Financial Services Group Limited to Report Fiscal Year 2020 Results on Mar 05, 2021

Celestial Asia Securities Holdings Limited (SEHK:1049) made a conditionally mandatory offer to acquire remaining 59.91% stake in CASH Financial Services Group Limited (SEHK:510) for approximately HKD 110 million.

First half earnings released

CASH Financial Services Group Limited to Report First Half, 2020 Results on Aug 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age