Select a page

Banking News

WorldFirst Loses UK Based Leadership Team

WorldFirst Loses UK Based Leadership Team

(23 June 2023 - United Kingdom) A mass exodus of WorldFirsts' leadership team in the UK has taken place over the past year as parent company Ant Financial shifts management away from London

According to UK newspaper the Evening Standard, the CEO, finance director, managing director and UK country managers have all left the company so far this year.

They have been joined by a number of risk and compliance executives including the chief information security officer, head of risk, group general counsel and compliance officer.

The fintech was founded in London in 2004 and was acquired by Chinese entrepreneur Jack Ma’s Any Group in 2019 in a deal estimated to be more than $700m.

Staff at the fintech’s parent company, Ant Financial, as well as its sister company, Chinese payments platform Alipay, have been among those brought in to replace the departing execs and managers.

Comment on this article

 

Your comments will not be published. Required fields are marked *

 

Please enter the word you see in the image below:


Subscribe

Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.