CAB Payments Non-Executive Director Kushagra Saxena to Step Down | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
CAB Payments Holdings announced the resignation of non-executive director Kushagra Saxena on Wednesday.
Saxena is stepping down from the board to take up an executive position at another organisation.
The non-executive director’s departure takes effect following the company’s Annual General Meeting, at which the resolution relating to his formal re-election has been withdrawn as a result.
He has simultaneously stepped down from his role as non-executive director of Crown Agents Bank Limited, CAB Payments’ principal banking subsidiary.
During his time on the board, Saxena advised the company across a range of strategic areas, including its digital, technology, and stablecoin strategies, topics of growing significance for CAB Payments as the cross-border payments group navigates an evolving landscape for digital assets and financial infrastructure.
Ann Cairns, Chair of CAB Payments, said Saxena had “brought energy, expertise, and insights” to the board, and wished him success in his new executive role.
The company said that following his departure, the board would continue to comprise individuals with diverse experience across the foreign exchange, payments, and banking sectors.
It also confirmed that more than half of the board would remain independent non-executive directors, in line with good governance standards.
