Moneycorp appoints Velizar Tarashev as new CEO
UK-based cross-border payments firm Moneycorp has promoted its chief financial officer (CFO), Velizar Tarashev, to the role of CEO, effective immediately.
Tarashev succeeds Mark Horgan, who will step down after 12 years in the role. Horgan will remain on Moneycorp’s board and will assume the role of deputy chairman in early 2024.
With over 20 years of experience in regulated financial services, Tarashev joined Moneycorp as CFO in 2021 from Barclays, where he spent 13 years in various senior roles, including CFO of Barclays’ private banking business.
Prior to Barclays, he worked at UBS Investment Bank and AT Kearney.
Commenting on Tarashev’s appointment, Alan Bowkett, chairman of Moneycorp, says: “Since joining the group, Velizar has been instrumental in the development and implementation of Moneycorp’s strategy, business model and culture, making him the perfect candidate to take the group forward.”
Bowkett adds that under Horgan’s leadership, Moneycorp “has transformed from a domestic, consumer focused, analogue provider of foreign currency to an international currency solutions and payments provider”.
Moneycorp operates in the UK, North America, Europe, Brazil, Hong Kong, and the UAE, offering a full suite of payment solutions in over 120 currencies.