MasterCard executive takes the helm at leading foreign exchange specialist

London, 9th January 2012 – Foreign exchange specialist Moneycorp has today announced the appointment of Mark Horgan as CEO. Mark joins Moneycorp from MasterCard, where he was Managing Director for its Access Prepaid Worldwide subsidiary. He led the team that doubled the size of the Travelex Pre-paid Cards Division and completed the landmark sale of the Division to MasterCard in 2011.

Mark brings to Moneycorp a wealth of experience in driving profitable growth in a number of consumer and retail focused businesses, with a strong track record in developing an attractive proposition for a wide range of customers in competitive markets.

He is the former European CEO of The Number UK Limited, the owner of the 118 118 information service. In addition to leading the 118 business through a period of expansion and growth, Mark was responsible for Regulatory Strategy and Engagement.  Prior to joining The Number, Mark was an Executive Director of MFI Group. He has also held various marketing posts with Mars, Nestle and United Biscuits.

Mark Horgan says of his appointment:“Moneycorp is a trusted and highly respected player in the foreign exchange market – an industry which is facing some exciting challenges and changes thanks to the flux in international trade and global economies. It’s an opportunity I’ll relish and I look forward to working with the current team at Moneycorp to build upon and enhance its customer offering.”

Mark’s role at Moneycorp will see him head up the business’ retail, wholesale and commercial foreign exchange markets, with equal emphasis on private and corporate clients. The appointment coincides with the recent launch of Explorer, the UK’s first ever multi-currency card, which can be used to access up to 14 different currencies on one reloadable card and Moneycorp’s growing online travel money service.