Moneycorp Appoints Velizar Tarashev as New Chief Executive Officer

July 9, 2023
by
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Key Takeaways:

  1. Velizar Tarashev, Chief Financial Officer at Moneycorp, has been appointed by the Board as the Group’s next Chief Executive Officer, effective immediately.
  2. Outgoing CEO Mark Horgan will transition to the role of Deputy Chairman in early 2024 after 12 years at the helm.
  3. Tarashev brings extensive experience in regulated financial services, having held various leadership roles at Barclays prior to joining Moneycorp in 2021.

About Moneycorp and Velizar Tarashev

Moneycorp is a world-leading cross-border payments business known for its personalized service, smart technology, and regulatory excellence. Velizar Tarashev, who assumed the role of CEO, previously served as the company’s Chief Financial Officer since February 2021 and brings 20 years of international strategic and operational experience in global banking and consultancies in the UK and the US.

Executive Appointments at Moneycorp

Moneycorp announced the appointment of CFO Velizar Tarashev as the Group’s next CEO. Tarashev will succeed Mark Horgan, who has served as CEO for 12 years. Horgan will stay on the Moneycorp Board and transition to the role of Deputy Chairman in early 2024.

Before joining Moneycorp in 2021, Tarashev spent over a decade at Barclays in various leadership roles, including Finance, Strategy, and Technology. He was pivotal in the development and implementation of Moneycorp’s strategy, business model, and culture.

Statements from Moneycorp and the New CEO

Alan Bowkett, Chairman of Moneycorp, praised Tarashev’s track record and highlighted his crucial role in the evolution of Moneycorp’s strategy, business model, and culture.

Outgoing CEO Mark Horgan voiced his confidence in Tarashev’s leadership and expressed pride in the growth and transformation of the company under his guidance.

Tarashev expressed his enthusiasm to take on the new role, acknowledging the opportunities for further growth and his commitment to executing the company’s strategy and delivering robust results for all stakeholders.

For more information about Moneycorp, visit www.moneycorp.com.

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