MoneyGram welcomes three new Directors to the Board

By Pavithra R

MoneyGram International, a global leader in cross-border P2P payments and money transfers, has announced the election of Alka Gupta, Co-Founder of and current Director at globaliD, Francisco Lorca, Founder and CEO of EthosData and Julie E. Silcock, Senior Advisor at CDX Advisors, to its Board of Directors, effective February 23, 2021.

The new members are expected to bring diverse career experiences across the fintech, global payments, enterprise technology and investment banking industries to Moneygram’s Board.

Ms Alka Gupta was a Co-Founder and former President at globaliD, a venture-backed company building a portable and interoperable identity platform leveraging the blockchain; currently, she serves on the Board. During her tenure as Co-Founder and President, she led the firm’s growth, including building a high-quality team, launching a cutting-edge product and signing on first digital wallet customers. Prior to this, she was an executive at eBay/PayPal as Head of Strategy for eBay Marketplaces building new growth strategies in areas such as mobile commerce and cross-border payments. She holds M.B.A. from The Wharton School and a B.S. degree from Case Western Reserve University.

Mr Francisco Lorca founded and currently serves as the CEO of EthosData, a global provider of cloud-based virtual data room services. Prior to this, he held executive and leadership positions with Startupbootcamp FinTech, First Data International, Teknoland, GE Capital Europe and McKinsey & Company. He holds M.B.A. degree and a B.S. degree in Business Administration from California State University.

Ms Julie E. Silcock currently serves as a Senior Advisor at CDX Advisors, a tech-enabled investment bank, where she is involved in strategic advisory M&A and capital raising activities primarily for growth-oriented companies in the Southwest. She brings more than 3 decades of Capital Markets and M&A experience to MoneyGram, having previously served as Co-Head of Southwest Investment Banking at Houlihan Lokey and, prior to that, having founded and acted as Head of Southwest Investment Banking at Citigroup. Currently, she also serves on the boards of Overseas Shipholding Group. She holds M.B.A. from Stanford Graduate School of Business and B.A. degree from Princeton University.

“We are very pleased to welcome Alka, Francisco and Julie as new directors to the MoneyGram Board. Coming off of a remarkable and record-breaking year that truly demonstrated the strength of our digital transformation, these three join MoneyGram at an exciting time. We look forward to benefiting from their diverse expertise and experiences. The addition of these directors complements the skills, experience and perspective of our established board, and we are confident that they will provide valuable insight as we continue to execute our purpose-driven growth strategy to mobilize the movement of money,” said Alex Holmes, MoneyGram Chairman and CEO.