Thunes Strengthens Board of Directors with Key Appointments

Thunes, a leading cross-border payments network, today announced the appointments of The Honorable Sunil Sabharwal and Ali Mazanderani to its Board of Directors. Both will also take up chairmanship positions at the company – Sabharwal as Chairman of the Audit and Regulatory Committee and Mazanderani as Chairman of the Strategy Committee.

“It is my pleasure to welcome Sunil Sabharwal and Ali Mazanderani as directors. Their contributions will further strengthen our board’s breadth of talent, experience and global reach,” said Peter De Caluwe, CEO of Thunes. “I am confident that their combined expertise will have a positive impact on Thunes’ next phase of development.”

Sabharwal joins the board with decades of advisory, private equity and financial technology experience at notable firms such as GE Capital and Ingenico (formerly Ogone). In recent years, as the U.S. Alternate Executive Director to the International Monetary Fund (IMF), Sabharwal was responsible for casting the United States’ vote on IMF decisions and took an active role in advancing multiple financial technology initiatives there.

The Indian-American investor has led multiple exits during his time at private equity firms and is well-versed at paving growth paths for companies. In his new role, Sabharwal will be vital in contributing strategic oversight, managing relationships with regulators and financial institutions, and providing M&A advisory expertise.

“I have great admiration for Thunes’ vision and work in solving cross-border payments challenges in the emerging markets of the world,” commented Sabharwal. “I am honoured to join their Board, and I look forward to working closely with them.”

Mazanderani brings with him years of in-depth knowledge and expertise in driving fintech investments and heading strategy in banks. He is the co-founder and chairman of SaltPay, and also serves as a non-executive director on the board of several fintech companies including StoneCo (NASDAQ: STNE) and Network International (LSE: NETW).

Mazanderani’s extensive background in the global payments industry and credentials in leading fintech transactions positions him well to advise Thunes on strategic activity and help drive inorganic growth.

“Having followed Thunes’ growth over the past few years, I am delighted to have the opportunity to contribute as a Board member,” Mazanderani shared. “Thunes’ unique solutions and robust leadership will transform how the world moves money across borders, and it is exciting to play a part in this.”