Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Cab Payments CEO to stand down

(Sharecast News) - Foreign exchange business CAB Payments revealed on Friday that chief executive officer Bhairav Trivedi will be succeeded by Neeraj Kapur following the publication of the group's full-year results on 26 March. CAB Payments said Trivedi will support "a smooth transition of responsibilities" to Kapur and has agreed to then take on a new role as senior adviser to the board. In this role, Trivedi will lead the company's push globally to build "increasingly strong relationships" with central banks, regulators, current and prospective strategic customers, and other senior industry participants.

The London-listed group stated Kapur has more than 20 years of experience in senior operational and finance leadership roles in retail, corporate, and SME banking, and was most recently chief financial officer of Vanquis Banking Group.

Chairman Ann Cairns said: "On behalf of the board, I would like to thank Bhairav for his commitment and contribution, which has positioned the company as a leader in its field. Under his leadership the company more than doubled its revenue. I am delighted Bhairav has agreed to continue to represent, advise and support CAB Payments going forward.

"The company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world."

As of 0900 GMT, Cab Payments shares were down 1.76% at 100.20p.

Reporting by Iain Gilbert at

Share this article

Related Sharecast Articles

Bluejay to broaden into helium and industrial gases
(Sharecast News) - Bluejay Mining announced a strategic decision to broaden its corporate scope, expanding into the exploration and development of helium, industrial gases, and hydrocarbons, on Friday.
Vector Capital reports robust year-end financial position
(Sharecast News) - Commercial lender Vector Capital reported continued growth in shareholders' equity while maintaining dividends and implementing prudent bad debt provision policies in its full-year results on Friday.
Quadrise posts progress with Utah partner Valkor
(Sharecast News) - Quadrise updated the market on its collaboration with Valkor Technologies in Utah on Friday, targeting the supply of low sulphur 'MSAR' and 'bioMSAR' to the marine and power sector.
Clean Power Hydrogen reports solid full-year progress
(Sharecast News) - UK-based green hydrogen technology company Clean Power Hydrogen (CPH2) reported solid progress towards the commercial rollout of its membrane-free electrolyser (MFE) technology in its final results on Friday, driven by a revamped engineering team.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.