Intellect Veteran Moves from Middle East to Head Ops in Continental Europe

Deepthi | Myequity news | Date : 27-09-2018 13:15:00 IST

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, has appointed Mr. Atanu Ganguli, who has over 20 years of experience in the transaction banking sector of the Middle East and Africa, to head operations in Continental Europe and steer iGTB's expansion plans in the region. iGTB has concurrently appointed Mr. Alvaro Cisneros to head its southern European operations, headquartered in Madrid, and Mr. Borna Ljubicic to head iGTB's CEE operations, headquartered in Vienna. While Mr. Cisneros was instrumental in driving Banco Santander's growth in the Iberian Peninsula and beyond, Mr. Ljubicic steered Unicredit to a dominant position in transaction banking in CEE.

iGTB expects to treble its revenue by 2021 by riding the crest of IT spend in Continental Europe, which is expected to grow 6-9% year-on-year· due to a renewed focus on digital transformations. iGTB's European ops will also propel the rise of parent company Intellect Design, already the fastest- growing fintech company in the transaction banking space, with a CAGR of more than 21%.

"We are committed to Continental Europe," said Manish Mookon, CEO, iGTB. "Our record performance in the Nordics, our new contract with a top-level Iberian Bank, and our trade and supply chain finance work with Raiffeisen Graup demonstrate how invested we are in the region. "

About Intellect Design Arena Ltd:

Intellect Design Arena Ltd, is the world's first full spectrum Banking and Insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets (iRTM), and Insurance (Intellect SEEC). With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives.

More from Myequity