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Mr. Michael Madden has served on the Board of Directors of XacBank since 2009. Michael is the chair of the board governance, nomination and compensation committee. Mr. Madden is the Founder, Chairman and Managing Partner of several global advisory and investment businesses as Ronoc, an investment and advisory services business based in Dublin, founded in 2007, Teneo Capital, founded in 2011 and based in New York, providing strategic counseling to large and complex companies internationally and Ongo (Ronoc Asia PTE Limited), an app-based mobile money service, available to businesses and consumers in Myanmar, founded in 2015, Prior to founding Ronoc in 2007, he was the founding CEO of Renaissance Credit, the third largest consumer finance bank in Russia, established in 2003. In 1993-2003, Mr. Madden had been involved in the cards and banking business in the Eastern European markets working for American Express on different positions. Mr. Madden has a diploma in industrial engineering from the College of Management Studies, Limerick, Ireland.