Ross will lead the Company's
direct-to-consumer business and global digital strategy
This announcement comes as digital
transactions now account for over 50% of the Company's money
transfer business
DALLAS, April 24,
2023 /PRNewswire/ -- MoneyGram International, Inc.
(NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global
financial technology company that connects the world's communities,
today announced the appointment of Seth
Ross as Chief Digital Officer. In this role, Ross will lead
the Company's direct-to-consumer business and global digital
strategy. He will report directly to Alex
Holmes, MoneyGram Chairman and CEO, and will sit on the
Executive Leadership Team. His appointment is effective today,
April 24, 2023.
"We are thrilled to welcome Seth, a seasoned leader with a
proven track record of building and scaling customer-centric
digital offerings," said Holmes. "As digital transactions now
account for over 50% of our money transfer business, this
appointment couldn't come at a more fitting time. Seth brings
significant experience in technology innovation and embedded
financial services, and I am confident that he will skillfully lead
us through the next phase of our digital growth strategy."
Ross brings a wealth of knowledge and experience to MoneyGram,
most recently serving as General Manager, Dayforce Wallet and
Consumer Services at Ceridian, a global leader in human capital
management. In this role, he provided the vision and leadership for
the company's award-winning consumer app that enables on-demand
access to wages. During his tenure, he helped to successfully
extend the platform into new business-to-consumer markets around
the world.
"On behalf of all of us at MoneyGram, I'm excited to welcome
Seth to the team!" said Anna
Greenwald, MoneyGram Chief Operating Officer. "As an
experienced and passionate digital business strategist, Seth is the
right leader to accelerate our digital growth, and I look forward
to partnering with him to drive product and technology
roadmaps."
Prior to Ceridian, Ross led the Banking-as-a-Service business at
Green Dot Corporation, held multiple executive roles at American
Express, and worked as a strategy consultant for nearly a decade.
Ross holds an MBA from Harvard Business
School and an undergraduate business degree from the Ivey
Business School at Western
University.
"I've watched with admiration as MoneyGram has evolved into a
global fintech, and I'm excited to build upon the success of the
team's digital efforts to date," said Ross. "MoneyGram has
incredible assets to build on, including a trusted brand reaching
millions of consumers worldwide, a fast-growing digital payments
business, and a network that is second to none. I look forward to
working with Alex, Anna and the world-class team at MoneyGram to
help shape the future of the company."
About MoneyGram International, Inc.
MoneyGram
International, Inc. is a global financial technology company that
enables consumers and businesses to move and manage money in nearly
every country around the world. Through its expansive set of
fintech offerings, MoneyGram provides millions of consumers
annually the ability to seamlessly send money home to family and
friends, store money in mobile wallets, and buy, sell and hold
cryptocurrencies on its industry-leading app. The Company's
innovative cross-border platform enables its customers to send
funds directly into bank accounts and mobile wallets or cash-in and
cash-out more than 135 currencies and numerous cryptocurrencies
through one of the largest cash distribution networks in the world.
Modern, mobile and API-driven, MoneyGram's white-labeled remittance
service also provides some of the world's top brands and
organizations the ability to disburse funds directly to their
consumer clients. Based in Dallas
and known for its strong corporate culture globally, MoneyGram has
been named a recipient of the Top Workplaces USA award for two consecutive years, an honor
based entirely on employee feedback.
Media Contact
Sydney
Schoolfield
media@moneygram.com
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SOURCE MoneyGram