Network International names new CEO

Dubai, July 15, 2012

Network International (NI), one of the leading payment solutions providers in the Middle East and Africa, has announced the appointment of Bhairav Trivedi as its new chief executive officer.

Trivedi, who takes over from Ram Chari, brings extensive expertise in the global payments sector, said a statement from the company.

“Having established itself as a leading player in the regional payment cards industry during the last two decades, NI has undergone considerable reorganisation over the last year to lay the foundations for a new phase of growth,” said Abdulla Qassem, the chairman of Network International.

“We are pleased to welcome Trivedi and are confident that his leadership and industry experience will enable NI to further enhance its product portfolio and solutions for clients,” he added.

Network International presently holds more than 60 per cent market share of the payment cards processing and merchant acquiring segments in the UAE.

NI director Matteo Stefanel described the appointment of Trivedi as a key step in further unlocking the value of the Network International franchise both in its home markets as well as internationally.

'We are confident that Bhairav will lead NI through the next phase of its evolution into a payments leader in high growth markets,' he remarked.

Trivedi joins NI from Sigue Global Services, London, one of the top five global money transfer companies where he served as the president and COO.

Previously, he was the global head of Remittance Services for Citigroup in New York, after the bank purchased PayQuik, a global remittance and processing services provider, which Trivedi founded in 2000 and with whom he served as CEO until the sale to Citigroup.

A US citizen, Trivedi gained his MBA from The Wharton School where he majored in Strategy, Finance & Entrepreneurial Management having previously obtained an MSc in Engineering Economic Systems from Stanford University.

On his appointment, Trivedi said: 'I am excited to be joining Network International at a pivotal time in its development as we intend to leverage our regional success and achieve a significant international presence.'

'The nature of the global payments industry is evolving at an incredible pace and I look forward to building upon Network International’s outstanding regional reputation to offer leading-edge payment solutions that will continue to enhance our clients’ commercial efficiency,' he added.-TradeArabia News Service

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