Intellect Global Transaction Banking strengthens European operations

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena, has appointed Atanu Ganguli who has over 20 years of experience in the transaction banking sector of the Middle East and Africa, to head operations in Continental Europe and steer iGTB's expansion plans in the region.

iGTB has concurrently appointed Alvaro Cisneros to head its southern European operations, headquartered in Madrid, and Borna Ljubicic to head iGTB's CEE operations, headquartered in Vienna. While Cisneros was instrumental in driving Banco Santander's growth in the Iberian Peninsula and beyond, Ljubicic steered Unicredit to a dominant position in transaction banking in CEE.

iGTB expects to treble its revenue by 2021 by riding the crest of IT spend in Continental Europe, which is expected to grow 6-9% year-on-year due to a renewed focus on digital transformations. iGTB's European ops will also propel the rise of parent company Intellect Design, already the fastest growing fintech company in the transaction banking space, with a CAGR of more than 21%.

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