StoneX Group Inc. (NASDAQ:SNEX), the owner of Forex brands such as FOREX.com and City Index, has issued an SEC filing noting that its Code of Ethics states that directors, officers and employees working in any capacity (for example, as employee, consultant or director) for a competitor, customer, counterparty or supplier of StoneX Group Inc. may give rise to a conflict of interest.

Directors must obtain the approval of the board of directors of StoneX prior to working in any such capacity.

On December 14, 2022, the Board granted a waiver to Annabelle Bexiga, a member of the Board, to work as a director of a financial services company, which competes with an aspect of one of StoneX’s four operating segments. The Board determined that Ms. Bexiga’s service on the other board of directors would not interfere with the performance of her duties with the Company.

Annabelle Bexiga was appointed as a director of StoneX Group Inc on February 27, 2020. She retired in 2017 after serving as Chief Information Officer (CIO) of Global Commercial Insurance at American International Group (AIG). After holding leadership positions at J.P. Morgan & Co. and Deutsche Bank, she served as CIO at JPMorgan Invest, Bain Capital, and the Teachers Insurance and Annuity Association (TIAA).

Altogether, Ms. Bexiga has almost 30 years of experience and expertise in the financial industry. Ms. Bexiga also currently serves on the supervisory board of DWS Group GmbH of Frankfurt, Germany, where she serves on the remuneration committee, and on the board of Triton International Limited.