LONDON, UK: CAB Payments, a leading provider of cross-border payments and foreign exchange solutions, has appointed Neeraj Kapur as its new CEO, effective from 26 March 2024. He will replace Bhairav Trivedi, who will become a senior adviser to the board.
Neeraj Kapur joins CAB Payments from Vanquis Banking Group, where he was the group CFO. He has over 20 years of experience in banking and finance, and is a qualified chartered banker and accountant.
Bhairav Trivedi has led CAB Payments for three years, during which the company doubled its revenue and expanded its global presence and capabilities. He will continue to support the company as a senior adviser, focusing on building relationships with central banks, regulators, and strategic customers.
Ann Cairns, the chair of the board, thanked Bhairav for his leadership and welcomed Neeraj to the company. She said the board was confident that CAB Payments would grow and flourish under Neeraj’s guidance, as he executes the company’s strategy to deliver long-term value for all stakeholders.
CAB Payments also confirmed that it expects its total income for 2023 to be 25% higher than the previous year, and will provide more details on its performance at its next update on 26 March 2024.