TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer
Cross-border payments fintech TransferGo has named Simon McFeely as its new chief compliance officer, effective February 2024.
TransferGo hires Simon McFeely as chief compliance officer
The UK-headquartered fintech says McFeely’s appointment, which joins its appointment of Jonny Steel as chief marketing officer and Sarah Fern as chief people officer, marks its latest effort to “spearhead rapid global expansion and consolidate its presence in existing markets”.
For McFeely specifically, TransferGo says it has tasked its new chief compliance officer with “ensuring that the compliance and risk management framework is built to scale”, expecting its latest hire to leverage his more than 10 years of experience in compliance and risk management to achieve this feat.
His appointment comes after the fintech was fined €310,000 by the Bank of Lithuania last August after it allegedly “violated the requirements of the Republic of Lithuania Law on the Prevention of Money Laundering and Terrorist Financing”.
Ireland-based McFeely joins the fintech directly from TransferMate Global Payments, where he has served as global chief risk and compliance officer for the previous three years.
Prior to this, he had served a similar remit through his tenure at Western Union, which also facilitates cross-border payments, while also extending his expertise to its business solutions unit.
Speaking on the fintech’s latest hires, Daumantas Dvilinskas, CEO and co-founder of TransferGo, claims they mark “a significant milestone in our journey as we continue to grow rapidly and scale the business in new markets in Asia, Africa and South America”.
“Their collective expertise and vision are perfectly aligned with our aspirations, enabling us to innovate and grow in ways that serve the needs of our customers,” continues Dvilinskas. “Together, we’re not just expanding our reach; we’re deepening our impact and building a world where financial inclusivity is the norm.”
Since its inception in 2012, TransferGo has operated a digital platform that enables consumers and businesses to send and receive money in multiple different currencies to 160 countries worldwide. It claims to service over 7 million customers and maintains offices in London and Vilnius.
