MonetaGo appoints Neil Shonhard as CEO

KUALA LUMPUR, Oct 11 (Bernama) -- Financial technology solutions provider MonetaGo has announced that its co-founder and chief executive officer (CEO) Jesse Chenard will transition to the role of executive chairman. Neil Shonhard, currently president, will become CEO, effective immediately.

According to a statement, as executive chairman, Chenard will remain closely involved with MonetaGo's activities and as an advisor to the company’s management team.

“Building MonetaGo with such a wildly talented, innovative, and creative team has been the gift of a lifetime.

“We’ve built a growing global business that has already helped unlock trade finance for large and small companies, and we’re just getting started,” said Chenard.

“In our next chapter, we are focused on cementing our position as the world’s foremost provider of trade finance fraud prevention technology and continuing to bridge information silos across the trade ecosystem.

“Neil is a great leader in this new phase of development.

“As company president, he has driven MonetaGo’s success, meeting the stringent requirements of our clients in one of the most highly regulated industries on earth. As CEO, he will take MonetaGo to the next level, making trade finance work better for everyone,” added Chenard.

Meanwhile, Shonhard said: “I am humbled to be taking the reins as CEO at such a pivotal time, and I look forward to collectively building on the work done so far to lead the company into its next chapter of growth and impact.”

Shonhard joined MonetaGo as managing director, Asia Pacific in June 2020 before becoming company president in August 2021.

His prior experience includes 12 years at the financial services firm TP ICAP and senior roles at securities firms in Europe and Asia.

-- BERNAMA