CAB Payments confirms that Neeraj Kapur has received the required regulatory approval and will now take over the role of Group Chief Executive Officer (CEO), Executive Director and member of the Board from Bhairav Trivedi.  

Neeraj and Bhairav have been working closely together since February to ensure a smooth and orderly handover. As previously communicated, Bhairav will continue as Senior Adviser to the Board, building and strengthening important relationships with central banks, regulators, and current and prospective strategic clients. Bhairav remains a shareholder of CAB Payments.  

Ann Cairns, Chair of CAB Payments said: 

“I am delighted that Neeraj is confirmed as CEO of the Group. He is an experienced PLC director with the right skills to take the business forward. He brings a lot of passion and energy to the role. I would like to thank Bhairav for driving the success of the business to date. The Board looks forward to working with him in his new role.” 

Neeraj Kapur, CEO of CAB Payments said: 

“I am delighted to be confirmed as Group CEO of CAB Payments Holdings and Crown Agents Bank. I would like to thank Bhairav for his commitment to ensuring a smooth transition over the last few weeks. I took this role because I strongly believe in the purpose of the Group and its long-term future especially in delivering international aid throughout hard-to-reach markets. Its structural importance in global payments is built on facilitating c.£14 billion of wholesale flows into emerging markets. The success of the business to date has been impressive and I am now looking forward to working with my executive team to ensure CAB Payments takes advantage of the unique growth opportunity ahead of it, executing our strategy and delivering our purpose to parts of the world where it is much needed.”