He will return to London to work on U.K.-Asia trade negotiations with the U.K. government when he departs later this month.
International remittance fintech TransferWise has just lost a top executive who leads the firm's expansion in Asia-Pacific, «The Business Times» reported (behind paywall) on Friday.
Lukas May was TransferWise's Head of Banking. He resigned to return to London to work on U.K.-Asia trade negotiations with the U.K. government. He will hold the title of deputy director, Asia and Australasia negotiations, at the U.K. Department for International Trade, «The Business Times» reported. His duties will be shared among his team here, and a replacement will be announced in due course.
To Promote Useful Innovation
May joined the company in 2017, relocating to Singapore, the firm's Asia-Pacific headquarters, to lead the fintech's efforts to expand into new markets in the region, as well as establish relationships with banks and regulators. In October 2018, TransferWise said it moved $1.7 billion in and out of Singapore annually.
Prior to starting TransferWise, May worked at the Financial Conduct Authority (FCA) in the U.K., initially setting up the FCA from its predecessor, the Financial Services Authority. He then worked on the FCA's mandate to promote competition and led a new team set up to promote useful innovation in financial services.
