People moves: Barclays shuffles top brass, Wells Fargo CEO steps down, and more

Bob Dowd becomes North America CEO of Moneycorp

London-based global payment services Moneycorp has announced the appointment of Bob Dowd as CEO for North America. In his new role, Dowd will be responsible for bolstering the company’s market presence as a leading corporate and personal international payments business with six regional offices in US. He will report directly to Mark Horgan, global CEO of Moneycorp. Dowd joins from Currency Exchange International where he served as senior vice president, North America. Prior to this, he held leadership roles in the private and public sectors at multinational firms, including Travelex and Cambridge Global Payments.

Wells Fargo CEO Tim Sloan steps down, Allen Parker appointed as Interim CEO

On March 28, American multinational bank Wells Fargo announced that its CEO and president Timothy Sloan has decided to retire from the company. He will step down as CEO, president and board member with immediate effect. Allen Parker will take over as the interim CEO and president, who also served in the company as senior executive vice president and general counsel from March 2017 to March 2019.

Commenting on Sloan’s retirement, Wells Fargo Board chair Betsy Duke said in a press release: “Tim Sloan has served this Company with pride and dedication for more than 31 years, including in his role as CEO since October 2016. He has worked tirelessly over this period for all of our stakeholders in the best long-term interest of Wells Fargo. His decision, and today’s announcement, reflects that commitment and his belief that a new CEO at this time will best position the company for success.”

tZERO appoints Elliot Grossman CEO of upcoming retail broker-dealer

New York based global company in blockchain innovation for capital markets, tZero has announced the appointment of Elliot Grossman as CEO of its upcoming broker-dealer affiliate. In his new role, he will oversee the establishment and management of retail broker-dealer businesses, which includes sales trading, electronic execution and portfolio execution for buy- and sell-side clients. Grossman is a founding member of Dinosaur Financial Group and recently served as its managing director of equity trading.

Commenting in a press release Grossman said: “Leading tZERO’s new broker-dealer affiliate is an honor and I’m eager to be joining this effort at such an exciting time. I look forward to continuing to build on the successes that the tZERO team has achieved as we continue to create a truly unique offering for our clients.”

Gibraltar Blockchain Exchange appoints Kurt Looyens as new CEO

Gibraltar Blockchain Exchange (GBX) has hired Kurt Looyens as new CEO. He takes over from Nick Cowan, who maintains his position of CEO of the Gibraltar Stock Exchange (GSX) & GSX Group. Looyens is the current head of business development for GBX. Looyens brings with him extensive experience in the banking and traditional financial spheres, primarily from ABN AMRO, where he held the role of country executive for Spain, chief strategist and global head of business development within the International Diamond and Jewelry Group.

“I am excited to take the reigns of the GBX as we embark on an exciting new phase of development. This is a very interesting period for the wider GSX Group, following last week’s announcement that the GSX Global Market (GSX GM) will now offer the listing of digital debt and digital fund securities on its multilateral trading facility (MTF),” Looyens commented in a press release.

Matt Hammerstein named as new CEO of Barclays UK

British multinational investment bank Barclays has promoted Matt Hammerstein to the role of CEO of Barclays UK. Hammerstein, currently head of retail lending, will report to Group CEO Jes Staley and will join the Barclays group executive committee. Hammerstein replaces the incumbent Ashok Vaswani, who will become global head of consumer banking & payments, a newly formed role within the group.

Staley will also now assume the role of interim CEO of the bank in addition to being Group CEO. Furthermore, Tim Throsby, CEO of Barclays International and Barclays Bank will resign from the company.

In a press release, Jes Staley, group CEO said: “We are – today – the Transatlantic Consumer and Wholesale Bank, with global reach, which we set out to shape when we embarked on our strategy in March of 2016. Restructuring is behind us, our major legacy issues are largely dealt with, and our focus now is on running and growing our business, and pursuing improved returns in line with our stated targets. To aid that agenda, I am making some leadership changes to ensure a much stronger and closer focus on the two respective hemispheres of our diversified Group – our Consumer and Wholesale businesses.”

Swisscom Blockchain appoints Lukas Hohl as new CEO

Zurich based Swisscom Blockchain has appointed Lukas Hohl as its new CEO, effective May 1, 2019. Hohl will lead the organization, while continuing to pursue the previous blockchain strategy and will drive the further expansion of the company. Since the departure of Daniel Haudenschild in January of this year, the Swisscom subsidiary has been managed on an interim basis by Roger Wüthrich-Hasenböhler, chief digital officer of Swisscom. Hohl has over 15 years’ experience, leading various consulting teams, advising numerous financial companies worldwide on business and IT topics, and holding various responsibilities at BearingPoint, Swisscom, Sofgen and Synpulse.

In a press release, Hasenböhler said: “In the past, Lukas Hohl has built up and managed companies, managed complex large-scale projects, is well connected in Switzerland and internationally, and fits excellently into the young team of Swisscom Blockchain AG.”

APCO Systems appoints new managing director

European payment solutions specialist APCO Systems has appointed George Kakouras as its new managing director. Kakouras will lead the implementation of the company’s ambitious growth and innovation strategies and steer the expansion of its international client portfolio. He brings many years of international leadership and strategic management experience to the helm of APCO Systems. Kakouras has previously held the position of chief operating officer and was a member of the board of directors at Intralot Group and Maltco Lotteries.

Commenting on Newsbook, Kakouras said: “I am honoured to have the opportunity to lead APCO Systems and I thank the board of directors and the shareholders for their trust in me. I am determined to sustain the business’ momentum, putting customer experience at the centre of our strategy. The team at APCO Systems is brimming with talented people. Together we will devote our efforts to further simplify and enhance consumer payments around the globe, enabling the businesses we serve to elevate their clients’ digital transaction experience.”

Renovite appoints Rod Bungey as North America Sales Director

On April 15, Renovite, a payment product organization has announced the appointment of Rod Bungey as sales director for its cloud native testing solution, Reno-Test in North America. Bungey brings 30 years’ global experience in the payments industry, along with a wealth of sales and technical knowledge to the company. Bungey has specialised knowledge of consumer and wholesale payments, back-office and risk management from both a European and North American perspective. He has worked with ACI Worldwide for over 25 years and with NCR in the capacity of sales director of card and digital payments from 2014 until joining Renovite.

Commenting on his appointment, Bungey said in a news release: “North America offers a lot of potential given the adoption of new payment services like real-time payments, P2P payments, and other innovations in the financial services sector. Renovite’s cloud-native end-to-end testing solution Reno-Test offers businesses a competitive advantage you don’t see elsewhere and will enable them to get new products to market quickly and stay one step ahead of the competition.”




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