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Our Board

Travelex's Board of Directors is made up of our non-executive chairman, two executive and four non-executive directors. Their combined experience across multiple industries puts this team in a strong position to shape the strategy to transform the competitive and market dynamics of the business.

Message from our Chairman

Travelex has developed a well-earned reputation from financial services regulators and industry bodies around the world for setting high benchmarks in compliance, integrity, customer service and brand value. My commitment is to leverage the brand and commercial strength while maintaining the high values and principles that have underpinned the group’s performance over the last 45 years. I aim to ensure that we continue to set these gold standards irrespective of where we operate in the world.

I am excited by the opportunities for Travelex and believe the new board will employ its expertise and experience, independent perspective and judgement to guide the new Travelex Group through the next phase of the journey as we start to see green shoots of recovery in the travel industry and therefore the foreign exchange sector. We will maintain a sharp focus on performance, culture and risk and ensure the voices of all our stakeholders, in particular our customers, are heard in the boardroom.

Mike Rees | Chairman

  • Ex-Deputy CEO of Standard Chartered Bank
  • Deputy Chair of ING supervisory board and senior independent member of Research England Council
  • Over 30 years' experience within the banking sector
  • Deep understanding of finance, risk and corporate governance
  • Track record of building strong and sustainable businesses

Message from our CEO

We are proud to be one of the market leading specialist providers of foreign exchange products and Travelex is determined to build upon its history, brand and market leading position. I am excited by the opportunity for the Travelex brand under new ‘institutional’ shareholders, a highly experienced board and a dynamic and driven management team. We will continue to innovate our products and services, and to apply the benefits of our international scale to solve the foreign currency needs of our business and consumer customers. We will work with all our stakeholders, including our regulators, to achieve our ambitions across all our international markets. With the support of our new board and shareholders, we have the operational, strategic and financial strength not only to survive the impact of COVID-19 but to lift Travelex to new heights as the international markets open and foreign exchange volumes return.

The world is increasingly ready to live alongside coronavirus, with global vaccination numbers rising and restrictions on travel easing. Overall, the business is in a positive place and it is encouraging to see these strides forward.

Donald Muir | Executive - CEO

  • 30 years’ experience in the global manufacturing and services sectors
  • Transformed businesses across Europe, the Americas, Asia and emerging markets
  • Extensive expertise in successfully implementing complex turnaround and rapid growth scenarios for businesses on a global scale and delivering substantially improved stakeholder value

James Westcott | Non-Executive

  • Partner at THM Partners LLP
  • Chartered accountant with 20 years’ experience
  • Extensive experience of financial restructuring and operational turnaround

Nick Ghoussaini | Non-Executive

  • Over 15 years' of experience working across industry groups in private equity and credit, including almost 10 years at Vector Capital
  • The portfolio manager for Vector Capital’s credit strategy

Alexander Filshie | Non-Executive - Chair Audit & Risk Committee

  • Chief Financial Officer of Kensington Mortgages Limited
  • Over 25 years’ experience in global financial services
  • Built and led international organisations
  • History of executing re-financing and cost restructuring programmes

David Hargrave | Non-Executive

  • Independent Director/Advisor to Boards' undergoing change
  • Over 30 years' of top tier consulting experience
  • Specialising in turnaround, debt, M&A and board advisory

James Birch | Executive - General Counsel

  • Experienced General Counsel
  • Group Board Director and Executive Committee member
  • Senior lawyer with over 30 years’ experience
  • Led on numerous M&A, financing and commercial transactions
  • Deep experience of the foreign exchange and payments businesses

Mark Freedman| Executive - CFO

  • Senior finance professional with over 30 years’ experience in financial and professional services sectors
  • Group Board Director and Executive Committee member
  • Deep experience of leading multiple finance disciplines including external reporting, planning and analysis, business partnering, tax, major finance transformation initiatives and M&A