Finstar has announced two new hires as it prepares for additional investment in the fintech sector.

Finstar has appointed Eugene Timko to the position of investment director and Michele Tucci as head of mobile products and business development. The appointments follow the announcement of former Citibank vice director, Paul Muhr, as the new Finstar director in March.

FInstar chief executive Nicholas Jordan said that the appointments are a reflection of the company’s strategy to expand its financial services investment program and gear it toward fintech.

“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,” he said.

“Our latest senior management appointments are of the highest calibre and reflect our ambition to seek out the best talent in the industry and we see tremendous long-term growth opportunities across all industry segments.”