<p><span>The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, today announced that the exchange has appointed veteran financial services executive </span><span class="xn-person">John Shay</span><span> as CEO, effective immediately. AFX </span><a target=" blank" rel="nofollow" href="https://c212.net/c/link/?t=0&l=en&o=3853413-1&h=305331952&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Famerican-financial-exchange-acquired-by-7ridge-301799803.html&a=recently+announced">recently announced</a><span> that 100% of the company was acquired by 7RIDGE, a specialized growth equity firm invested in transformative technologies for financial services.</span></p>