Western Union has appointed Shelly Swanback president of product and platform, tasked with expanding the company’s cross-border, cross-currency global platform, the company announced on Friday (Dec. 20). As a member of the executive team, Swanback will report directly to Western Union CEO Hikmet Ersek and will...
As a continuing restructuring takes hold after Daniel Zhang’s appointment as Alibaba’s chairman, Alibaba Group Holding and Ant Financial, its FinTech affiliate, have announced an executive shuffle. Ant Financial, in particular, has named Simon Hu as its chief executive, taking the place of Eric Jing,...
The Payments Canada Board of Directors has announced the appointment of Tracey Black as new president and CEO, replacing Gerry Gaetz. Black will take over the job starting on March 1, 2020, according to a release. “Tracey joined Payments Canada in 2018 to lead the...
The co-founder of Boston-based payments firm Circle will step down from his co-CEO role at the end of December. Sean Neville reportedly notified the board of directors of the company at a quarterly meeting, and he will stay on the board as an independent director...
PSCU has announced that Kevin Spear has been named senior vice president of service delivery. This is Spear’s second round at PSCU, as he was previously in charge of Client Relations and Services at the company from 2006 to 2012. This time around, he will...
Expedia CEO Mark Okerstrom and CFO Alan Pickerill have resigned following a conflict over the company’s strategy, the company said in a press release on Wednesday (Dec. 4). Barry Diller, chairman of the board, and Peter Kern, vice chairman and director, will oversee the company’s...
Wells Fargo has hired former Santander head executive, Scott Powell, as its new chief operating officer, according to a release on Monday (Dec. 2). Powell will start his new job on Dec 9. Powell will serve on the bank’s Operating Committee and he’ll report directly to...
Australia’s Westpac Banking Corporation announced that its CEO is stepping down after the bank was hit with money laundering accusations. The country’s second-largest retail bank has been accused of allowing 23 million payments in breach of anti-money laundering laws, including transactions between known child exploiters....
Co-working office space company WeWork is slashing its worldwide workforce by 20 percent – a total of 2,400 employees – as it strives to revamp its struggling business and cut costs, The New York Times reported on Thursday (Nov. 21). The downsizing follows major losses,...
