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Crown Agents Bank names Bhairav Trivedi as CEO Designate

Crown Agents Bank names Bhairav Trivedi as CEO Designate
Published 2 months ago
UK-regulated bank appoints fintech-leader to complete its digital transformation
London: Crown Agents Bank is pleased to announce the appointment of Bhairav Trivedi as CEO Designate. His appointment is subject to the usual regulatory confirmations in due course. Bhairav and current Group CEO Albert Maasland will jointly oversee the transition.
Bhairav joins Crown Agents Bank as it completes its comprehensive modernisation and transformation programme, becoming a digitally-enabled, globally-focused payments and FX specialist for frontier and emerging markets. He brings over 30 years’ experience in financial services, with a core focus on digital payments, cross-border remittances and fintech development. His previous roles include that of Group CEO of Network International Payment Solutions, a UAE-based payments provider for the Middle East and Africa. He has been President and Chief ....

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Finablr sold for $1 to Israeli-UAE consortium

Finablr sold for $1 to Israeli-UAE consortium
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The deal is also among the first significant commercial transactions between UAE and Israeli companies
December 17, 2020
Finablr is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business that had a market value of £1.5bn ($2bn) last December.
An affiliate of Prism Group and Abu Dhabi’s Royal Strategic Partners will pay the nominal consideration and provide working capital to the business and operations of the financial services company. ....

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Finablr sold to UAE-Israeli consortium for $1

Finablr sold to UAE-Israeli consortium for $1
Issac John/Dubai
Alamy
Global Fintech Investments Holding partners with Royal Strategic Partners to provide working capital to support company
Finablr, the scandal-marred platform for payments and foreign exchange solutions, announced on Thursday that it has entered into a definitive agreement with Global Fintech Investments Holding (GFIH), an affiliate of Prism Group of Israel, to sell to GFIH the entire issued share capital of Finablr Limited, its wholly owned subsidiary, for a nominal initial consideration of $1.
Prism Group, linked to a former Israeli Prime Minister Ehud Olmert, has formed a consortium with Abu Dhabi s Royal Strategic Partners (RSP) in connection with the transaction. ....

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Scandal-Hit Finablr Sold for $1 to Israeli-UAE Consortium

Scandal-Hit Finablr Sold for $1 to Israeli-UAE Consortium
Bloomberg
12/17/2020
Tom Metcalf
© Photographer: Bloomberg/Bloomberg
A customers makes a contactless payment using a mobile phone at the PortAventura theme park in Tarragona, Spain, on Friday, July 10, 2020. The blow to the crucial sector of tourism from the pandemic is one reason Spains economy is expected to contract more than most of its European neighbors.
(Bloomberg)
Finablr Plc is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business that had a market value of 1.5 billion pounds ($2 billion) last December.
An affiliate of Prism Group AG and Abu Dhabi’s Royal Strategic Partners will pay the nominal consideration and provide working capital to the business and operations of the financial services company. Its foreign-exchange businesses and payment-technology operations include one of the largest foreign currency firms in t ....

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Breakingviews - Corona Capital: Private jet deal

9 Min Read
MILAN/NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
LATEST
- Private jets set
HIGH-FLYERS. Private equity firm Blackstone is betting that plutocrats will be back in the air before the rest of us. Shares in London-listed Signature Aviation – which provides fuelling and ground services to private jets and charter flights – jumped by 40% on Thursday after it revealed Steve Schwarzman’s firm made a $4.3 billion cash takeover offer. A proposal from a rival investment fund, Global Infrastructure Partners, was rejected. ....

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