Definitely agree with this - many institutions before they invest have a criteria that the company needs to have a number of active recruitment or recent appointments to show growth. A key sign of no growth is no hiring.
That IOU has recruited a commercial director and marketing director shows they have significant growth plans throughout SEA in the next 6-12 months, and I am guessing that these two directors may also bring more people in with them.
By itself these announcements do not show significant strides, but when added to recent commercial deals it shows that the plan for SEA roll-out is continuing regardless of market electronics - i.e. the SP going up and down.
Ann: IOUpay expands Leadership Team with Key Appointments, page-75
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