CASH Financial Services Group Management

Management criteria checks 3/4

CASH Financial Services Group's CEO is Bankee Kwan, appointed in Jan 2020, has a tenure of 4.25 years. total yearly compensation is HK$2.22M, comprised of 99.2% salary and 0.8% bonuses, including company stock and options. directly owns 0.57% of the company’s shares, worth €64.95K. The average tenure of the management team and the board of directors is 1.3 years and 4.3 years respectively.

Key information

Bankee Kwan

Chief executive officer

HK$2.2m

Total compensation

CEO salary percentage	99.2%
CEO tenure	4.3yrs
CEO ownership	0.6%
Management average tenure	1.3yrs
Board average tenure	4.3yrs

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
Dec 31 2023	n/a	n/a	-HK$95m
Sep 30 2023	n/a	n/a	-HK$85m
Jun 30 2023	n/a	n/a	-HK$68m
Mar 31 2023	n/a	n/a	-HK$69m
Dec 31 2022	HK$2m	HK$2m	-HK$70m
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 ($USD283.35K) is about average for companies of similar size in the German market ($USD401.52K).

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

CEO

Bankee Kwan (63 yo)

4.3yrs

Tenure

HK$2,218,000

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	4.3yrs	HK$2.22m	0.57% HK$ 64.9k
Sze Kai Wong	Head of Business & Executive Director	1.8yrs	HK$426.00k	no data
Teng Hin Kwan	Deputy CEO & Executive Director	no data	HK$738.00k	0.57% HK$ 64.9k
Tsz Yui Cheung	Executive Director & CFO	less than a year	no data	no data
Chiu-Mei Law	Director of Human Resources & Administration	3.2yrs	no data	no data
Wai Kwong Lai	Executive Director	less than a year	no data	no data
Wai-Yin Shum	Chief Operating Officer of Investment Services Group	no data	no data	no data
Ying-Ying Huang	Head of WealthTech Accelerator	1.3yrs	no data	no data
Hon-Kei Chan	Head of Business & Strategic Development Division	no data	no data	no data
Tze Wai Ng	Senior Consultant of China Business Development	4.3yrs	HK$2.25m	no data
Wai-Tong Wong	Managing Director of Asset Management	1.3yrs	no data	no data
Piccolo Woo	Managing Director of Private Wealth Management	1.3yrs	no data	no data

1.3yrs

Average Tenure

48yo

Average Age

Experienced Management: CFN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Pak Hoo Kwan	Executive Chairman & CEO	23.7yrs	HK$2.22m	0.57% HK$ 64.9k
Sze Kai Wong	Head of Business & Executive Director	1.8yrs	HK$426.00k	no data
Teng Hin Kwan	Deputy CEO & Executive Director	6.8yrs	HK$738.00k	0.57% HK$ 64.9k
Tsz Yui Cheung	Executive Director & CFO	less than a year	no data	no data
Wai Kwong Lai	Executive Director	less than a year	no data	no data
Ming Chi Lo	Independent Non-Executive Director	15.5yrs	HK$150.00k	no data
Shu Shing Cheng	Independent Non-Executive Director	21.6yrs	HK$150.00k	no data
Ho Wah Chan	Independent Non-Executive Director	less than a year	no data	no data

4.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: CFN's board of directors are considered experienced (4.3 years average tenure).

CASH Financial Services Group Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

Recent updates

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