CAB Payments has brought in a turnaround expert as its new CFO in the firm’s latest boardroom reshuffle.

48-year-old James Hopkinson, who brings decades of experience in business transformation, joins from Metro Bank, where he helped to execute a turnaround plan for the struggling high street firm.

The University of Bristol graduate previously worked at ClearBank, Standard Chartered and PwC.

Investors reacted positively to the news, with the firm’s shares rising as much as 7.5% in early trade.

Hopkinson said: “I am delighted to be joining the team at CAB Payments for the next phase in its development.

“I am excited by the opportunity of delivering on its strong brand recognition, unique business network and exciting market presence.”

The appointment marks the latest  boardroom change at CAB Payments, as the London fintech seeks to improve its fortunes following its disastrous share price performance since listing in 2023.

Last year, former CEO Bhairav Trivedi, who had run the money transfer firm since 2021 and oversaw its July IPO, stepped down from the board to be replaced by Former CFO of Vanquis Bank, Neeraj Kapur.

Kapur said the hire “completes the realignment of our senior leadership team.”

“James brings significant experience to our Group, with deep knowledge of the markets we serve.”

“I am excited to partner with him as he adds another level of rigour, strength and knowledge that is needed to deliver our  transformation strategy.”

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