June 18, 2024

Moneycorp Bank doubles down on MENA footprint with latest VP hire

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Vijayanand Kulanthavielu, Senior VP, Sales, at Moneycorp Bank Financial Institutions Group
Vijayanand Kulanthavielu, Senior VP, Sales, at Moneycorp Bank Financial Institutions Group

Moneycorp Bank’s Financial Institutions Group has established itself across the globe as a leading provider of physical currency and a gateway bridging the gap between financial institutions and their physical foreign exchange requirements. In its most recent efforts to grow operations in the Middle East & GCC, the company has recruited Vijayanand Kulanthavielu in the role of Senior VP, located in the UAE, to spearhead the business’ expansion in the region.


Vijayanand will spearhead the growth of Moneycorp Bank across the MENA territory as part of its wider goal to become a leading provider of foreign currency liquidity to financial institutions worldwide. He will play a key role in establishing and deepening client relationships, working with both central and commercial banks to meet their physical foreign currency needs. Vijayanand brings with him over 10 years’ of in-depth local experience and he will use his deep sector and territory knowledge to forge strategic alliances and capitalise on the region’s increasing status as a hub for business.

moneycorp bank logo

Vijayanand Kulanthavielu, incoming Senior VP, Sales, at Moneycorp Bank Financial Institutions Group, comments: “I am excited to be joining Moneycorp FIG to lead its continued expansion across the Middle East and North Africa. I’ve witnessed the phenomenal growth of Moneycorp Bank’s banknotes business from afar and it’s a privilege to now be stepping in to drive the next stage. We’ve reached the point of becoming the preferred partner for major financial institutions all over the world, and I strongly believe that there is no better time than now to build on that success and take the business to new heights.”

David Perkins, Global Head of Moneycorp Bank Financial Institutions Group
David Perkins, Global Head of Moneycorp Bank Financial Institutions Group

David Perkins, Global Head of Moneycorp Bank Financial Institutions Group, adds: “I’m thrilled to have Vijay joining our talented team and leading Moneycorp Bank towards its next natural step. I’m confident that his significant experience and expertise will be invaluable in developing our MENA operations and delivering exceptional service to yet more clients. This is one of the most prosperous regions across the globe and with Vijay and his team behind him, we’re on track to become its primary physical foreign currency provider.”

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