XTM, Inc., a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce the appointment of Mr. Veer Siddiqui as Chief Operating Officer and General Counsel.
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Mr. Siddiqui has more than 12 years of experience providing legal advice, starting his career at Blakes, Cassels & Graydon LLP. He has provided companies with legal guidance on a broad range of technology issues, including licensing, partnerships, litigation and the development of privacy and other compliance programs. He clerked with the Supreme Court of British Columbia and has appeared before all levels of the BC courts and various regulatory bodies. He most recently led the legal team at Tasktop Technologies Inc. supporting the company’s rapid growth. Additionally, his career includes a breadth of strategic consulting, and operational and product launch experience, such as serving as the Director of Business Services & Corporate Counsel at Terramera Inc. an award-winning biotech company.
“Our success in attracting an executive resource with the pedigree of Veer speaks to XTM’s success and growing maturity,” said Marilyn Schaffer, CEO, XTM. “We are poised to scale for the significant growth ahead and are building an internal team to help us get there efficiently.”
The Company also announces that its board of directors has approved a new equity incentive policy (the “Incentive Policy”) which will allow the employees of the Company to receive options and RSUs on an ongoing basis as part of their total compensation package, in line with XTM’s belief in providing positive incentives for its executives and employees. The options and RSUs issued pursuant to the Incentive Policy will be issued under the Company’s existing option and RSU plans, up to a maximum of 1,000,000 RSUs and 2,500,000 options during the period ending April 1, 2023. The Incentive Policy is intended to address a highly competitive labour market by attracting new talent, retaining existing employees and encouraging the Company’s employees and executives to work together to increase value for all of the Company’s stakeholders.