MoneyGram International s (MGI) CEO Alexander Holmes on Q3 2016

"Today, MoneyGram is well-positioned as a leader in global payment transfers, and continues to execute its strategy to accelerate digital revenue growth, strengthen its capital structure, and improve profitability. MoneyGrams share price dropped by around 10 percent.02 on the news, before recovering to around.40 in out-of-hours trading at the time of writing. "MoneyGram has benefitted greatly from the outstanding and dedicated leadership of Alex and his team, and we believe that he is the ideal successor to Pam as Chairman of the Board.

Alexander Holmes to Succeed Pamela

Patsley as Chairman of the Board of Directors in February 2018 "Today's announcement is the final step in our previously announced succession plan, resulting in a well-deserved additional role for CEO Alex Holmes and an equally well-deserved retirement for Pam Patsley said. Among many other accomplishments, she was the driving force of the strong culture and spirit that define MoneyGram today, and we wish her the very best going forward." "The contributions Pam has made throughout her tenure at MoneyGram are innumerable said Holmes. Per terms of the agreement, Ant has paid 30 million to MoneyGram for terminating the acquisition process. Source MoneyGram, related Links m, you just read: Searching for your content). The other directors and I are grateful to Pam for her years of service and dedication to MoneyGram.

MoneyGram - Alex Holmes, our CFO and COO, shares his

Ant initially bid for MoneyGram in January 2017 as a means to develop its cross-border payment network into the.S., and major corridors including India and the Philippines, but instead it will explore and develop initiatives to collaborate with MoneyGrams business. In this new role, Holmes will succeed Pamela. I am confident in the future of the Company under Alex's dedicated leadership.". More information about MoneyGram International, Inc. We also provide bill payment services, issue money orders and process official checks in select markets.

Live Discussion with Alex Holmes, CEO, MoneyGram International

The geopolitical environment has changed considerably since we first announced the proposed transaction with Ant Financial nearly a year ago. The collapse of the deal marks a second China-led acquisition of.S. Ant Financial, the Alibaba affiliate which controls Alipay Chinas top mobile wallet  and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from Euronet. Patsley, who will retire from the MoneyGram Board, completing a planned leadership transition that was first announced in July 2015.

MoneyGram CEO Alex Holmes On Ant Financial

Despite our best efforts to work cooperatively with the.S. . But now it is not to be, and it will be interesting to see what approach Ant which is hotly tipped to go public in a massive IPO will take to fill the void beyond this new strategic business cooperation with MoneyGram.

MoneyGram International (MGI)

Alexander Holmes to Succeed Pamela. The collapse of the deal is a huge blow to Ant, which spent much of 2017 developing its mobile payment network beyond China and into Southeast Asia, India, Korea, Japan and other parts of Asia with a series of partnerships and investments. The proposed acquisition of global payment service.