Global Tech Industries Group Inc. (OTC:GTII) Stock In Focus After Latest News
As the new week kicked off, a number of companies came on the news cycle and were on the radars of investors immediately. One such company was Global Tech Industries Group Inc. (OTC:GTII), which made a major new announcement on Monday. The company announced yesterday that its board of directors had provided approval and authorization to the management to retain Luke Rahbari’s services.
Rahbari, who is a managing member of Equity Armor Investments LLC, would provide assistance to Global Tech Industries Group’s board of directors in 2024 related to the focus of the long-term and short-term goals. That would also include work on a succession plan. Rahbari would also help the company with regards to due diligence and compliance issues related to many of its completed as well as pending deals. Additionally, he would assist Global Tech Industries in its trading, capital markets, and listing initiatives as well.
In this context, it could be a good idea for investors to perhaps take a look into the credentials of Rahbari. He started his career in the capital markets in the capacity of a derivatives trader and equity options specialist in 1993. He had been appointed as the Chief Investment Officer of Peachtree Asset Management in 2007.
In that particular role, he helped set up Peachtree Settlement Funding, a structured settlement asset manager based out of London. Eventually, he moved to Chicago following the sale of Peachtree and set up Equity Armor Investments with his partners. The Chairman and Chief Executive Officer of Global Tech Industries Group spoke about the development as well.
He noted that after thorough discussion at the board level, it was concluded that it was in the best interests of the company and its future to appoint a professional with a proven track record in the above-mentioned fields.
