Finseta plc (LSE:FIN) has named Andrew Richards as interim Chief Financial Officer with immediate effect, following its recent update on the transition of its finance leadership. Richards has around 25 years’ experience across financial services and insurance, having held senior finance roles at life insurance consolidator Chesnara plc, alongside an earlier career at Deloitte.
Richards will work closely with outgoing CFO Judy Happe over the coming weeks to ensure a smooth handover, while the board continues its search for a permanent finance chief. The appointment is intended to provide continuity and reinforce financial oversight as Finseta continues to execute its growth strategy in international payments and multi-currency services.
Overall sentiment around the company reflects improving financial performance and a high degree of management confidence, supported by strategic initiatives and recent director share purchases. These positives are partly offset by bearish technical indicators and a valuation that appears moderate, suggesting a degree of caution in the near term.
More about Finseta plc
Finseta plc is a London-headquartered foreign exchange and payments group providing multi-currency accounts and payment solutions to both businesses and individuals. Using its proprietary technology platform combined with a high-touch service model, the company enables complex cross-border payments across more than 165 countries and 150 currencies. Finseta is regulated through its subsidiaries by the UK Financial Conduct Authority as an Electronic Money Institution, by Canada’s FINTRAC as a Money Services Business, and by the Dubai Financial Services Authority under a Category 3D licence.
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