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-Hoffmann named SVP at MoneyGram.

BANKING AND CREDIT NEWS-July 15, 2013--Hoffmann named SVP at MoneyGram(C)2013 M2 COMMUNICATIONS

15 July 2013 -- Dallas-based money transfer company MoneyGram International, (NASDAQ: MGI) said that W Alexander Hoffmann has been appointed to the company's executive leadership team as senior vice president, global product management and emerging channels.

In his new role, Hoffmann will lead MoneyGram's global product portfolio, emerging channels and MoneyGram Online. Hoffmann was previously head of consumer growth for Europe, Middle East and Africa at PayPal (NASDAQ: EBAY).

According to MoneyGram, Hoffmann has 20 years of experience in payments and cards, online services and technology, and a strong track record of building new products from concept to launch.

Prior to his position at PayPal, Hoffmann spent 12 years at McKinsey & company in Brussels, Belgium, and Palo Alto, California, working with clients in the payments and telecommunications industries. Hoffmann will be based at the company's headquarters in Dallas, Texas.

MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 321,000 agent locations including retailers, international post offices and financial institutions in 198 countries and territories.

Find out more at

1 USD = 0.661530 GBP

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U7TX
Date:Jul 15, 2013
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