The appointment sees outgoing CEO, Aaron Carpenter, becoming Managing Director at Transact Payments Services Group Limited (TPSGL), a leading provider of UK & European BIN sponsorship and modular payment, debit, credit and prepaid services.
With close to a decade of diverse and varied experience, Gandolfo began his career in accountancy before becoming a leader and expert in risk and anti-money laundering (AML) within the financial sector. Prior to joining TPML in 2020, he held risk management positions at regulated financial institutions and regulated cryptocurrency exchange.
In February 2020, he was appointed Risk Manager at TPML, playing a key role in evolving its risk management framework, ensuring the implementation of its overall risk management process and boosting the visibility of risk issues across the entire business. In addition, Gandolfo built out a new department called Partner Assurance to further enhance risk and AML oversight over TPML commercial customers (Program Managers).
In his new role, he will be responsible for spearheading and expanding TPML’s sustainable growth model, continuing its strong regulatory oversight regime, and also focusing on new opportunities in Malta.
Outgoing CEO Aaron Carpenter said: “Sergio has had a really significant impact since joining TPML and his appointment to the role of CEO is a testament to his incredible contribution to date. Sergio takes over at a very exciting time and will play a central role in TPML’s continued success.”
Sergio Gandolfo, CEO of TPML, said of his new role: “Being a risk professional is not the typical route to a c-suite position like this, yet it highlights the importance that TPML’s leadership places on creating a sustainable and sensible growth path. TPML has really sound financial and regulatory foundations in place and I look forward to driving the company’s next phase of growth.”