- 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.
