Moneycorp hires Barclays exec Tarashev as new CFO
Paytech firm Moneycorp has hired Velizar Tarashev as its new chief financial officer (CFO).
Tarashev joins from Barclays, where he spent 13 years. His final role at the UK bank was as CFO of its private banking operations – a role he held for three years.
Tarashev also held positions as controller of Barclays International, and group head of business analytics.
Prior to Barclays, he spent time at UBS bank and AT Kearney.
“Following a year of strong profitability against a complex backdrop, we’re delighted to welcome Velizar to Moneycorp to drive further growth,” says Mark Horgan, Moneycorp CEO.
Moneycorp reported a 35% year-on-year growth in 2020, and pre-tax earnings of around £28 million.
Horgan says Tarashev brings “a welcome, fresh perspective to the organisation as we continue to develop and thrive.
“He has a huge amount of experience and knowledge, all of which will be an invaluable asset to the business.”
Tarashev says of his appointment: ““I’m thrilled to be joining Moneycorp at such an exciting time for the organisation.
“The business is performing exceptionally well, and I believe the company has huge potential for further growth.
“I am delighted to join such a first class, entrepreneurial team and a company at the epicentre of financial innovation and growth.”