- UK-based CAB Payments has appointed Neeraj Kapur as its new CEO, replacing current CEO Bhairav Trivedi who is set to step down on March 26, 2024.
- Neeraj Kapur, a seasoned finance professional and former CFO of Vanquis Banking Group, is expected to expand CAB Payments’ customer network across Europe and the US, particularly in the B2B cross-border payments space.
- Trivedi will remain at CAB Payments as a senior advisor to the board, focusing on building stronger relationships with current and potential customers, central banks, and regulators.
- The leadership transition follows CAB Payments’ initial public offering (IPO) in July, where it secured an initial £851 million valuation. However, its stock faced a significant drop in October, recovering since then but still lower than the initial valuation.
CAB Payments CEO to step down, former Vanquis Banking Group CFO Neeraj Kapur set to take over
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