Finstar Financial Group has made three senior appointments to its management team with the recruitment of Eugene Timko as investment director, Michele Tucci as head of Mobile Products and Business Development and Alexander Ivanov, who has been appointed to develop venture capital investments.

Timko will be responsible for evaluating venture capital investment opportunities in the fintech and services industry with a particular focus on disruptive business models and technology. He has been focused on the fintech industry since 2012, when he successfully completed the acquisition of a mobile banking business by Inventure Partners, a VC fund specialized on disruptive technology businesses. His most recent transactions include the acquisition of a 50% stake in Hearst Independent Media Publishing, a former subsidiary of Sanoma Oyj, publisher of luxury magazines and a successful investment in car service Gett and the Busfor budget bus company. Prior to joining Inventure Partners, Timko served as the IBD associate of Morgan Stanley and participated in various M&A and ECM transactions in technology, media and telecom industry.

Tucci will grow mobile products and partnerships that will contribute to the group’s fintech global expansion plans. He has more than 16 years of international industry and consulting experience across Asia Pacific, USA, Europe, Middle East and Africa. He has held senior management positions including director of International Business Development at Mint Payments, a listed mobile and online payment and transaction processing company, and vice president and senior managing consultant of the professional services arm of MasterCard Worldwide.

Ivanov will be responsible for developing venture capital activities in fintech. Ivanov has experience in venture capital, financial services, and technology. He co-founded Life.SREDA, a venture capital firm focusing on investments in fintech mobile and internet projects in the U.S., Western and Eastern Europe. He has held senior positions in international financial groups, including head of the Balanced Scorecard division at BCS Financial Group, a financial service group that provides innovative and customizable high and low touch trading solutions for global and emerging markets.

Nicholas Jordan, CEO of Finstar, commented, “Finstar has both the resources, expertise, technologies and geographic reach to develop ground-breaking solutions to rapidly changing corporate and consumer needs in the financial services industry. Finstar’s decision to strengthen its focus on fintech solutions across a number of sub-sectors reflects the manner in which fintech investments are bucking trends across the globe. We see tremendous long-term growth opportunities across all industry segments, from lending platforms to insurance and asset management.”