Finablr PLC Appointment of new Chief Executive Officer (9598J)
December 29 2020 - 01:30AM
UK Regulatory
TIDMFIN
RNS Number : 9598J
Finablr PLC
29 December 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014.
29(th) December 2020
Finablr PLC (the 'Company')
Finablr PLC ("Finablr" or "the Company"), the global platform
for payments and foreign exchange, today announces as follows:
Resignation of Bhairav Trivedi as Chief Executive Officer
Bhairav Trivedi has resigned as Chief Executive Officer with
effect from 1(st) January 2021. The Chairman, Michael Tomalin,
noted: "On behalf of the Board, I want to thank Bhairav for his
leadership, energy and commitment during a very difficult period in
the Company's history, culminating in the signing of a definitive
agreement with Global Fintech Investments Holding AG."
Mr Trivedi remains on the Finablr PLC board as a Non-Executive
Director.
Appointment of new Chief Executive Officer
Robert Miller accepted his nomination to join the Board as
Director and Chief Executive Officer to succeed Bhairav with effect
from 1(st) January 2021. Robert joined the Company in October 2019
from Deloitte LLP where he was a partner in the London office.
There are no further disclosures to be made pursuant to Listing
Rule 9.6.13.
The Company further notes that the transaction with Global
Fintech Investments Holding AG, with regard to the sale of its
subsidiary Finablr Limited, is progressing in line with our
announcement of 17 December 2020.
END
Enquiries
The Company
Finablr PLC
Robert Miller - robert.miller@finablr.com
Nitin Gautam - nitin.gautam@uaeexchange.com
About Finablr
Finablr is a global platform for Payments and Foreign Exchange
underpinned by modern proprietary technology. With deep regulatory
know-how, a relentless focus on innovation and leading industry
partnerships, Finablr' s group companies provide a broad array of
tailored and trusted financial solutions for consumers and
businesses across a wide network of digital channels, payments
platforms and retail stores.
Finablr is present across the entire payments and foreign
exchange value chain, from origination to processing to last-mile
distribution. An integrated platform is at the heart of group's
proposition, supporting an omni-channel strategy underpinned by
best-in-class operating capabilities and connectivity to global
payment networks. Driven by technology, the platform combines
flexibility with significant economies of scale, making Finablr a
partner of choice for leading global banks, financial institutions,
retailers, mobile wallet providers and payment & technology
companies.
Through its category renowned brands, including UAE Exchange,
Xpress Money, Unimoni, Remit2India, Ditto and Swych, Finablr
processed over 150 million transactions in 2018, managing nearly
USD 115 billion in volume for its customers. The groups global
reach spans over 170 countries with relationships with more than
100 regulators.
For more information, visit the Finablr website:
www.finablr.com
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END
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