Global Compliance Applications Corp. Appoints Managing Director and Co-Chairman
News related to:Global Compliance Applications Corp · 1 min read
Global Compliance Applications Corp. (GCAC) has appointed Peter Wises as Managing Director - Asia and Co-Chairman, effective September 12, 2026. Wises, a Thai business executive and international strategic advisor, will work alongside GCAC’s CEO Ryan Gibson to support the company’s commercial expansion in Asia and related international markets.
Wises’ mandate as Managing Director - Asia includes regional business development, institutional relationships, strategic licensing, project origination, and commercial onboarding. He will engage with governments, financial institutions, institutional investors, issuers, technology partners, and other strategic counterparties throughout Asia-Pacific. As Co-Chairman, Wises will provide senior-level corporate representation for GCAC in Asia, without altering Gibson’s position as CEO.
GCAC’s strategy includes developing a regulated financial and compliance network, connecting participants such as Money Services Businesses, Financial Service Providers, and Virtual Asset Service Providers. Wises will focus on identifying and coordinating prospective institutional and capital-raising projects for potential integration with GCAC’s technology infrastructure, including the Company’s Efixii Ethereum Layer-2 blockchain-based compliance, auditing, and data-verification technology.
Wises’ compensation is performance-oriented. His fixed consulting compensation is US$1.00 per annum, with additional compensation tied to realized commercial revenues and specified performance milestones. He is entitled to 50% of qualifying gross realized advisory and compliance fees actually received by GCAC from billable projects attributable to his assigned regional accelerator activities. Additionally, he may receive a performance-based equity incentive of up to 10% of the Company’s issued and outstanding common shares, associated with specified project-onboarding milestones.
GCAC is also announcing a private placement financing of up to 60,000,000 Units at $0.005 per Unit, for gross proceeds of up to CAD$300,000. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant is exercisable at $0.05 per Share for two years from closing. Proceeds will be used for general working capital to further the Company’s goals and objectives.