Banxa Holdings Inc. announced that Doron Cohen, a non-executive director, will step down from his position immediately. The Company announced the appointment of Zafer Qureshi, a large shareholder, as an Executive Director, effective immediately. Zafer will also take on the role as Head of Corporate Affairs within the Banxa Executive team.

Zafer Qureshi has 10+ years as an investor and is the Founder and CEO of the Qureshi Family Office (Alam Group of Companies Inc.). Prior to this role, he made a significant impact in the world of finance during his tenure at Royal Bank of Canada (RBC). At RBC, Zafer specialized in mergers and acquisitions (M&A) investment banking and enterprise strategy, where he played a pivotal role in structuring and executing strategic financial transactions and leading critical corporate initiatives.