Earthport PLC Global Head of Strategy and Product

TIDMEPO

Earthport PLC

18 June 2014

Earthport plc

("Earthport", or the "Company")

Appointment of Global head of Strategy and Product

Earthport plc (AIM: EPO), the cross-border payments service provider, is pleased to announce that Sajeev Viswanathan, an experienced banker and entrepreneur, has joined the Earthport management team as President - Global head of Strategy and Product.

Sajeev will initially spearhead Earthport's strategy for expansion into Asia including India. In addition, Sajeev will take on the responsibility for Earthport's global network expansion and product development. He will report to Hank Uberoi CEO.

Previously, up until 2009, Sajeev had an 18 year career with Citigroup, the multi-national financial Institution. At Citi, he was Managing Director in the Global Transaction Services (GTS) business in charge of Global Receivables & Trade Finance, a multi-billion dollar business. Prior to this he held the position of Chief Administrative Officer, GTS, Europe Middle-East & Africa (EMEA), also serving as Risk Director on the Board of Citicorp Trustee Company Ltd. He has also worked in Russia as Director, Corporate Bank, Commonwealth of Independent States (CIS) based in Moscow and was also a Director on the Board of ZAO Citibank Russia.

Most recently, Sajeev held the position of Managing Director and Chief Executive Officer of Bhartiya Samruddhi Financial Services Ltd., a well-known Microfinance Company in India. During his tenure at the helm, Sajeev led a team of over 12,000 people and oversaw establishment of the company among leaders in the industry. He also served on the board of BASIX Sub-K iTransactions Ltd., a micro payments company in India.

Hank Uberoi,Chief Executive Officer of Earthport plc, commented: "We are thrilled to have a person with Sajeev's background, experience and detailed understanding of the cross-border payments world join our senior management team. He will add significantly to our ability to accelerate Earthport's growth and further product development to serve the needs of our global clients."

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

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

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