ISX Financial EU Plc , a leading EEA-authorised Electronic Money Institution and banktech provider offering transactional banking and real-time payments across Europe and the UK, has announced the appointment of Mr. Ajay Treon, Group Chief Financial Officer, as an Executive Director on the Company’s Board of Directors. The appointment follows a non-objection from the Eurosystem Central Bank of Cyprus, ISXX’s home regulator.
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With over 25 years of experience in the banking industry, Mr. Treon brings an extensive background from leading financial institutions including Lloyds Banking Group, Lehman Brothers, Dresdner Kleinwort Investment Bank, and Credit Suisse. His deep expertise in financial management, strategic planning, and risk mitigation, combined with experience in the fintech sector, positions him as a strong leader for ISXX’s next stage of growth. A qualified accountant, Mr. Treon also holds an Executive MBA and the prestigious Certificate in Quantitative Finance (CQF).
Since taking on the role of Group Chief Financial Officer in July 2023, Mr. Treon has played a key role in driving ISXX’s financial success and operational discipline. Under his leadership, the company achieved record performance in 2024 and maintained resilience throughout 2025. ISXX has strengthened its Own Funds and Net Assets, sustained robust EBITDA margins, and continued investing in innovation, core technology, and talent to support growth and scalability. In addition, treasury, safeguarding, and reporting frameworks have been enhanced to align capital deployment with the company’s expansion in open banking (A2A), e-money, and acquiring operations.
Commenting on the appointment, Mr. Takis Taoushanis, Chairman of the Board of Directors at ISXX, said, “Mr. Treon’s appointment strengthens the Board’s financial and risk oversight at a time when settlement infrastructure, safeguarding, and capital discipline are central to our strategy. His vast experience across tier-one institutions and his contribution to ISXX’s recent performance make him a valuable addition to the Board of Directors.”
Expressing his gratitude, Mr. Ajay Treon said, “I am honoured to join the Board of Directors and remain fully committed to advancing the Company’s strategic priorities. My focus will continue to be on strengthening capital resilience, scaling our transactional banking capabilities, and maintaining rigorous financial governance. We will continue to drive consistent, profitable growth through operational discipline and transparent reporting as we expand our product portfolio and market presence.”
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Mr. Nikogiannis Karantzis, Managing Director and CEO of ISXX, added, “Mr. Treon’s appointment to the Board formalises the financial and risk discipline he has helped embed across the ISXX Group. His leadership will continue to play an important role as we scale our transactional banking and Open Banking services across the EU and UK.”
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The appointment reflects ISXX’s ongoing commitment to strong governance, financial discipline, and strategic growth as it continues to strengthen its position in Europe’s rapidly evolving digital finance landscape.
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