REG - CAB Payments Hldgs - Appointment of CFO

Cab Payments HoldingsAnnouncement

05/03/2025 07:15

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RNS Number : 3628Z  CAB Payments Holdings PLC  05 March 2025

5 March 2025

 

CAB Payments Holdings plc and its subsidiaries

("CAB", "CAB Payments", the "Group" or the "Company")

 

Appointment of James Hopkinson as Chief Financial Officer

 

CAB Payments, a leading B2B FX and Payments provider to emerging markets,
today announces that James Hopkinson has been appointed to the role of Chief
Financial Officer (CFO) of the Group. James will join CAB Payments immediately
and will be appointed as Executive Director subject to regulatory approval for
his position as CFO (SMF2) of Crown Agents Bank Limited.

 

James is a highly accomplished senior finance executive bringing strong broad
based and highly relevant experience to CAB. James has worked for over 25
years across global banks and emerging markets, FX and payments and also has
experience driving business transformations. James built his career at
Standard Chartered, a global bank with strong links to many of CAB's core
markets, where he spent almost 20 years across multiple geographies including
Africa, Hong Kong, India, Singapore, Qatar and the UK. Latterly, he held
senior roles including Global CFO of retail banking. James was most recently
Group CFO and Executive Director of Metro Bank Holdings PLC, the UK
high-street bank, which he joined in July 2022 where he helped to execute its
turnaround plan. Prior to that, he was Group CFO of ClearBank, the
fast-growing and innovative UK and technology-enabled clearing bank.

 

James is a Chartered Accountant (ICAEW) and trained with PwC.

 

James's addition completes the revitalised senior leadership team of the Group
who collectively have the right mix of industry and corporate experience to
execute on the Group's strategy and deliver on its growth potential.

 

As previously announced, the Group will release its 2024 full year results on
13 March 2025.

 

Ann Cairns, Chair of CAB Payments, commented:

"I am delighted to welcome James to CAB Payments. He brings a wealth of
relevant experience with deep sector expertise and is a highly suitable
partner for Neeraj and the rest of the senior leadership team to take the
business forward during its transformation. The Board is looking forward to
working with him."

 

Neeraj Kapur, CEO of CAB Payments, commented:

"James brings significant experience to our Group, with deep knowledge of the
markets we serve.  His appointment completes the realignment of our senior
leadership team. I am excited to partner with him as he adds another level of
rigour, strength and knowledge that is needed to deliver our  transformation
strategy."

 

James Hopkinson added:

"I am delighted to be joining the team at CAB Payments for the next phase in
its development. I am excited by the opportunity of delivering on its strong
brand recognition, unique business network and exciting market presence. I
look forward to working with the Board, Neeraj and fellow members of the
senior leadership team as we execute on the Group's strategy."

 

 

There are no other matters to be disclosed under UK Listing Rule 6.4.8R in
relation to James Hopkinson's appointment.

 

For further information, please contact:

 

 CAB Payments Holdings plc

 Gaurav Patel, Head of Investor Relations

 ir@cabpayments.com

 www.cabpayments.com (http://www.cabpayments.com)

 FTI Consulting

 (Public Relations Adviser to CAB Payments)

 Edward Bridges                                     +44 (0) 7768 216 607

 Katherine Bell                                     +44 (0) 7976 870 961

 cabpayments@fticonsulting.com

 

Notes:

 

1.      James Hopkinson biography

 

 2022 - 2024  Metro Bank Holdings PLC - CFO and Executive Director
 2019 - 2022  ClearBank Limited - CFO and Executive Director
 2001 - 2019  Standard Chartered Bank PLC
 2016 - 2019  CFO Retail Banking / CFO Regions and Clients
 2012 - 2016  Global Head of Investor Relations
 2009 - 2012  Head of Corporate & Institutional Banking (Southern Africa)
 2001 - 2009  Various roles across Hong Kong / India / Qatar / Africa / London
 1997 - 2001  PricewaterhouseCoopers LLP

 

2.      James Hopkinson's remuneration arrangements have been set in
accordance with the remuneration policy set out in the Group's 2024 Annual
Report. His base salary is £450,000. He receives a pension contribution, or
cash equivalent, of 10% of base salary in line with the rate applying to the
majority of the UK workforce. His benefits include medical insurance, income
protection and life assurance cover. His maximum bonus opportunity is 130% of
salary and he will be eligible for FY2025 bonus subject to the performance
conditions set out in the Group's 2024 Annual Report, and pro-rated to reflect
the proportion of FY2025 for which he is an employee. He is also eligible to
receive an award under the Group's LTIP scheme to be granted in 2024. James
did not receive a buy-out award.

 

3.      This announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regime Regulation (EU) No. 596/2014 as it forms
part of domestic UK law pursuant to the European Union (Withdrawal) Act
2018. The person responsible for the release of this announcement is Lesley
Martin, Company Secretary.

 

 

 

About CAB Payments:

 

CAB Payments Holdings plc is the holding company for Crown Agents Bank.
Regulated in the UK, Crown Agents Bank specialises in FX and cross-border
payments for hard-to-reach markets. Its strength of network and deep expertise
means it can move money into and out of the world's most complex financial
markets. Trusted by a global ecosystem of leading institutions across the
public, private and development sectors, Crown Agents Bank's strength lies in
its network which connects its clients to underserved geographies, giving them
access to 100+ currencies across 700+ currency pairs.

 

The delivery of fast, transparent and efficient transactions moves money where
it's needed. Crown Agents Bank's network offers multiple transaction
solutions, delivered via a single API, digital trading platforms, or through
bespoke approaches developed by its specialist teams.

 

Crown Agents Bank is one of the first banks to achieve B Corporation™
status. The bank was awarded the Gold Sustainability Rating by EcoVadis in
2022, 2023 and 2024, ranked within the top 5% of 100,000 companies assessed
across 160 countries and over 200+ industries.

 

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