MoneyGram, a leading global payments network for consumers, businesses and communities, recently announced the appointment of three new independent members to its Board of Directors: Colin Walsh, founder of Varo Bank; Chris Trendler, founding partner of Pendra Group; and Katherine Carroll, former executive at Stripe.
“We are excited to welcome Colin, Chris and Katherine to the MoneyGram Board,” said Anthony Soohoo, Chairman and Chief Executive Officer of MoneyGram. “Their proven leadership in high-growth, regulated global financial technology businesses will provide invaluable insight as we continue to scale our cross-border platform and pursue our mission to make the movement of money across borders seamless, affordable and secure for everyone.”
Colin Walsh brings a wealth of experience as a founder, entrepreneur and global business leader in the digital banking space. He is the founder of Varo Bank, the first consumer tech bank in the U.S. to receive a national bank charter. Under his leadership, Varo has emerged as one of the world’s leading digital banks with a core focus on advancing financial inclusion and economic opportunity for underserved communities. Before founding Varo Bank, Walsh excelled in a variety of executive roles at leading financial institutions, including American Express, Lloyds Banking Group and Wells Fargo.
Chris Trendler will provide deep expertise in organizational effectiveness and talent strategy during a pivotal time in MoneyGram’s transformational journey. Trendler is a leadership advisor, private equity executive and a founding partner of Pendra Group, a firm that supports investors and management teams on talent strategy across the investment lifecycle. Previously, he held leadership roles at Madison Dearborn Partners, ghSMART and McKinsey & Company, and he began his career in law and public policy.
Katherine Carroll is a recognized legal and regulatory policy expert with more than two decades of experience in financial services, providing significant regulatory insight and compliance leadership to the company’s industry‑leading framework. At Stripe, she led the Global Public Policy and Regulatory Legal teams, guiding engagement with regulators and policymakers around the world. Before joining Stripe, Carroll was a partner at Cleary Gottlieb, where she was a nationally recognized regulatory lawyer and a founding partner of the firm’s Cybersecurity and Privacy practice.
As MoneyGram accelerates its re-founding journey, these appointments add valuable perspectives that will help shape the company’s strategic direction and guide its next chapter. With a strong and well-rounded Board in place, MoneyGram is positioned to benefit from a balanced mix of expertise, experience and diverse backgrounds to effectively oversee the business and support its long-term growth.
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