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Evening Standard
Evening Standard
Business
Simon Hunt

Founder of Jack Ma-backed fintech WorldFirst hits back over risk management questions after board exodus

The founder of Jack Ma-owned London fintech WorldFirst has hit back at reports of a board exodus at the company after a whistleblower told the Standard he had raised questions over risk governance policies by its Chinese management.

Last year, as part of an internal overhaul dubbed the ‘Global Base Line’ project, a string of management, risk, and oversight functions at the firm were shifted from the UK to China.

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