Monday, 14 January 2013

Movers and Shakers in card and payment industry w/c Jamuary 14th 2013


  • Diderik Bruggink is appointed BD Northern Europe SafetyPay Europe

  • Edward Ho COO named COO of Fundtech

Transaction banking vendor Fundtech has appointed Misys veteran Edward Ho as president and COO.
Ho is replacing Michael Sgroe who is leaving after twelve years. Ho will also join the board and be responsible for global operations and will report to CEO Reuven BenMenachem.

Ho had previously been at Misys for nine years , where he acted as EVP and general manager of the capital markets division.

BenMenachem commented: "His proven leadership building global technology companies, and driving operational excellence, will be a welcome addition to our leadership team as we position ourselves to achieve Fundtech's strategic business and growth objectives over both the short- and long-term."

  • Jacob Koch becomes Treasury Manager, Corporate Finance, for Nets Denmark A/S

  • Rani Gu will lead HSBC's payments business in China

HSBC's Global Payments and Cash Management (PCM) business will be lead by Rani Gu.
Based in Shanghai, Rani will report locally to Kee Joo Wong, Head of PCM in China.
In her role, Rani will have responsibility for the delivery of Cash Management solutions and services to international financial institutions in China, thereby driving an integral part of HSBC's growth strategy.
John Laurens, Head of Global Payments and Cash Management, Asia Pacific, stated, "China is a major and strategically important market for HSBC. Our business with Bank and Non-Bank Financial Institutions sectors has grown particularly strongly over the last few years, with overseas institutional clients entering the Chinese market, and Chinese clients expanding internationally. In leading our institutional cash management business in China, Rani will her bring extensive local market knowledge and experience in structuring domestic and cross-border RMB solutions for clients. We are therefore delighted to have Rani rejoin HSBC and reinforce our position as the leading international bank in China."

Citi CEO appoints new management team 

Citi Chief Executive Officer Michael Corbat announced the roles and responsibilities of the members of his management team and appointed Jamie Forese and Manuel Medina-Mora as Co-Presidents of Citi.
Mr. Forese will be responsible for all of Citi's Institutional businesses, and Mr. Medina-Mora will continue to oversee Global Consumer Banking and Citi's franchise in Mexico. The Operations & Technology functions supporting the Institutional and Consumer businesses will now directly report to Mr. Forese and Mr. Medina-Mora, respectively, to align the functions better with the priorities of ach business and improve efficiency.
Mr. Corbat also announced that Jim Cowles will become Chief Executive Officer of Citi's Europe, Middle East and Africa (EMEA) region. Brian Leach has been appointed Head of Franchise Risk and Strategy and will be responsible for Citi's Audit, Compliance, Corporate Policy and Strategy functions in addition to Risk Management. Brad Hu, currently Head of Risk for the Asia Pacific region, will become Citi's Chief Risk Officer and will report to Mr. Leach.
Mr. Corbat said: "Citi is fortunate to have very strong leaders with the skills and experience I will rely on as we navigate the challenges and opportunities ahead. While the responsibilities of some members of my team are changing, this leadership team and management structure will ensure continuity as we carry out our goals of achieving operational excellence and delivering results to our clients and stakeholders.
"Jamie and Manuel have both spent their entire careers at Citi and its predecessor companies, and they exemplify the best of Citi. Since joining Citi five years ago, Brian has demonstrated his superior risk management abilities during one of the most challenging environments this company has encountered. And Jim is a Citi veteran who has spent much of his career in the region and has demonstrated his leadership abilities in a variety of senior positions," Mr. Corbat concluded. would like to wish all the new jobholders every success in their new roles. If you are interested in jobs in the Card and Payment Industry, go to

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