Financial services holding company Finablr has announced that its Chief Executive Officer, Bhairav Trivedi, will step down. Robert Miller will take over as the company’s CEO.
The CEO change happens just weeks after Finablr agreed to be bought by an Israeli-United Arab Emirates consortium.
Trivedi took over as CEO in April after Promoth Manghat’s departure and will step down on 1 January 2021. Miller, who joined the company in 2019, will take his place. He is currently the group’s human resources director, according to his LinkedIn profile. He brings more than 25 years of experience in remuneration, sales compensation and general HR to his new position at the company. Miller joined Finablr from Deloitte and before that he spent six years as Head of EMEA at Radford, Aon Hewitt’s subsidiary, where he served as a consultant for five.
On behalf of the board, I want to thank Bhairav for his leadership, energy and commitment during a very difficult period in the company’s history, culminating in the signing of a definitive agreement with Global Fintech Investments Holding.
Miller is taking over as CEO as the payments firm has gone through torrid year of financial difficulties after discovering billions of dollars’ worth of debts. The payments firm agreed to selling its entire business and operations to an Israeli-United Arab Emirates consortium for a nominal $1.
The financial troubles of Finablr resulted from problems linked to Mr Shetty’s companies. Shetty claimed he had been a victim of fraud committed by former managers, who forged cheques and other documents without his knowledge.
Independent writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.