MoneyGram Names Anthony Soohoo as CEO

MoneyGram International, Inc., a global leader in cross-border payments and financial services, has appointed Anthony Soohoo as its new Chief Executive Officer, marking a significant transition in leadership as the company intensifies its focus on digital innovation and global expansion. Mr. Soohoo steps into the role immediately, succeeding Alex Holmes, who has held the dual position of Chairman and CEO since 2016. Holmes will continue to support MoneyGram in an advisory role to ensure a seamless transition.

Anthony Soohoo joins MoneyGram with an impressive track record in digital transformation and enterprise growth, having held high-impact leadership roles in major global corporations. His most recent role was as Executive Vice President of Walmart’s Home Division, where he led a major digital overhaul that expanded and optimised Walmart’s home goods business across various sales channels, cementing Walmart's status as a top home goods retailer in the United States. In addition to Walmart, Soohoo has held executive positions at CBS, Yahoo, and Apple, and has founded and successfully sold multiple tech companies, showcasing over three decades of experience at the nexus of technology, business strategy, and artificial intelligence.

With a bachelor’s degree from the University of California, Davis, and an MBA from Harvard Business School, Soohoo brings a blend of technical and business acumen that aligns well with MoneyGram’s current trajectory toward digital-first solutions. His appointment signals a continued commitment by MoneyGram to embrace digital technologies, streamline operations, and enhance customer experiences globally.

"MoneyGram is uniquely positioned with a diverse, digitally-enabled global network that plays a critical role in supporting customers around the world," Soohoo stated. "I am honoured to lead the company through its next chapter of growth while championing its mission to strengthen global connections and support our customers. By keeping the customer at the centre of all we do, I am confident that we can elevate MoneyGram’s market position and build a brighter future for our customers and partners alike."

MoneyGram’s focus on digital transformation has been a central element of its strategy in recent years, as the company adapts to evolving market demands for secure, efficient, and accessible financial services. Soohoo's appointment aligns with the company’s goal of building a more robust digital infrastructure that enables seamless cross-border payments and digital remittances, especially important as the demand for digital financial solutions accelerates worldwide.

Under Soohoo's leadership, MoneyGram aims to deepen its global partner network while exploring new ways to serve its diverse customer base. His extensive experience in leading large-scale digital transformations is expected to propel MoneyGram’s digital initiatives, positioning the company to leverage emerging technologies in payments, enhance security protocols, and expand market reach.

As he assumes the role of CEO, Soohoo’s vision for MoneyGram includes a continued emphasis on innovation and customer-centric solutions, both critical in navigating the competitive and fast-evolving landscape of global financial services. His leadership marks a new era for MoneyGram as it strives to strengthen its role as a premier provider in the global payments space.