MobiCash has hired Ann J. Camarillo as its new Group Chief Executive Officer. Camarillo as the firm moves to expand its operations across various markets in Africa and abroad.
Camarillo, who currently serves as MobiCash board member, will succeed Patrick G. Ngabonziza the company’s Chairman and current Group CEO, bringing over 30 years of experience in financial services, IT and Telecommunications.
“I am greatly honoured by this opportunity to lead this organization of industrious, talented and innovative professionals,” said Ms. Camarillo. “Yet, there is undoubtedly much more opportunity ahead. I am looking forward to growing the MobiCash team and moving the company towards even greater successes.”
Camarillo served in Belgium as CEO of Maestro International, the largest global debit card network, and CEO of Cirrus, the largest global ATM network.
As MasterCard’s Chief Debit Officer, she created Debit Centre of Excellence and managed the Global Debit Advisory Board responsible for all debit and prepaid strategy, policies, financial performance and investments. As Executive Vice President of U.S. Market Development, Ms. Camarillo was responsible for the financial contribution of all products and services and for creating and implementing next generation revenue streams.
MobiCash has recently partnered with new sponsor banks in Southern Africa markets and there was imperative need for the organization to maximise on the delivery of its’ solution in those emerging markets and at the same time deploy mobile technology aimed at addressing country specific financial inclusion needs.
By bringing in fresh leadership, it meant executives such as Ngabonziza, with a strong IT background, could invest more time in R&D around innovative mobile technology for Africa and abroad.
Patrick Ngabonziza expressed confidence in the board’s choice. “Ann is a strong innovator, who manages to inspire and ensure the company delivers business results in the short term and over the long term. She brings a depth and breadth of global market experience that is unmatched inside and outside of MobiCash.”
Donald Mudenge, MCash SA COO, commented “We are grateful to have Ann take up that office and I truly believe I speak for all MobiCash executives when I say this is a welcomed decision and we look forward to working with and supporting Ann Camarillo all the way.”
Given the vast experience that Ann brings to the organization, her biggest role will be ensuring that the organisation meets its goals and objectives at group level while at the same time ensuring the same is met harmoniously across the various individual markets where MobiCash has a presence.
Over the course of a 20 year career at MasterCard Worldwide, Camarillo held a variety of leadership positions in business development, customer management, debit and prepaid products, operations and technology in the United States and globally.