TIDMEPO

RNS Number : 2827H

Earthport PLC

16 May 2014

16 May 2014

Earthport plc

("Earthport", or the "Company")

Appointment of Non-Executive Director

Earthport plc (AIM: EPO), the cross-border payments service provider, is pleased to announce the appointment of Jorge Moran as Non-Executive Director, subject to approval by the FCA and HMRC, effective from the date of such approvals.

Jorge Moran (age 49), a Spanish national, is a highly experienced banking professional who has a deep knowledge of the global financial industry following senior roles at Santander (formerly, Sovereign Bank) and Morgan Stanley.

Mr. Moran was most recently the CEO and President of Sovereign Bank and Santander US country head. In this role, he led all the Santander assets in the US (a business with over $77 billion in assets) and transformed Sovereign into a full fledged bank. Previously he was Global Head of the Insurance and Asset Management business of Santander globally and COO and a Board Director at Abbey in the UK.

Prior to joining Santander Group, Mr. Moran was partner of AB Asesores, a leading brokerage firm in the Spanish market which was acquired by Morgan Stanley in 1999. Following that acquisition, he served as CEO of Morgan Stanley for Spain and Portugal.

Jorge Moran is a member of the Board of Trustees of Boston University and a member of the advisory board of Columbia University's School for International and Public Affairs (SIPA). He has been a Senior Fellow at Harvard University since December 2013.

Hank Uberoi,Chief Executive Officer of Earthport plc, commented: "We are delighted to have Jorge join Earthport. He has significant experience leading highly regarded regulated global businesses with operations spanning many geographies, particularly Latin America, USA, UK and Europe. This international exposure particularly aligns well with Earthport as we continue to expand our global presence.

Phil Hickman, Non-Executive Chairman of Earthport plc, added: "We welcome Jorge to the team and very much look forward to benefitting from his considerable insight as we execute on our growth strategy, driven by the increased traction with global financial institutions and others."

For further information, please contact:

 
Earthport plc 
 Hank Uberoi                                    020 7220 9700 
Charles Stanley Securities 
 Mark Taylor / Paul Brotherhood                 020 7149 6000 
Panmure Gordon 
 Fred Walsh                                     020 7886 2500 
Newgate Threadneedle 
 Fiona Conroy / Caroline Forde / Josh Royston 
 / Jasper Randall                               020 7653 9850 
 

Other disclosures required under Rule 17 or Schedule 2 paragraph (g) of the AIM rules are set out below

 
 Current directorships   Previous directorships 
----------------------  ---------------------------------------- 
 Avery Investments SA    Abbey Bank 
----------------------  ---------------------------------------- 
 Mofer SA                Banc Banif 
----------------------  ---------------------------------------- 
                         Open Bank SA 
----------------------  ---------------------------------------- 
                         Santander US Holding Company 
----------------------  ---------------------------------------- 
                         Santander Private Equity SA SGECR 
----------------------  ---------------------------------------- 
                         Santander Insurance Services UK Limited 
----------------------  ---------------------------------------- 
                         Santander Seguros y Reaseguros Compania 
                          Aseguradora SA 
----------------------  ---------------------------------------- 
                         Santander Asset Management SA SGIIC 
----------------------  ---------------------------------------- 
                         Santander AM Holding SL 
----------------------  ---------------------------------------- 
                         Santander Insurance Holding SL 
----------------------  ---------------------------------------- 
                         Santander Pensiones Sa EGFP 
----------------------  ---------------------------------------- 
                         Santander Seguros Brasil 
----------------------  ---------------------------------------- 
                         Santander Consumer US 
----------------------  ---------------------------------------- 
                         Sovereign Bank 
----------------------  ---------------------------------------- 
 

About Earthport

Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.

Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport's clients include banks, money transfer organisations, payment aggregators, e-commerce businesses and foreign exchange businesses. Through Earthport's well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in 60 countries.

The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us via RSS or on social channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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