He will oversee efforts to integrate digital technologies and grow the network of global financiers on the M1 NXT platform.
Munindra Verma has been named CEO of M1 NXT, a subsidiary of M1xchange and an international trade financing services platform approved by the International Financial Services Centres Authority.
He takes over for Jacob Raphael, who left the company.
Verma formerly held positions as chief product officer and head of strategy & transformation in transaction banking at YES Bank.
According to a statement from the company, he will oversee efforts to integrate digital technologies and grow the network of global financiers on the M1 NXT platform.
“Welcoming Mr. Munindra Verma to Mynd Group marks an exciting chapter for us at M1 NXT. With his extensive experience and proven track record in corporate and transaction banking, we are confident that Mr. Verma will lead M1 NXT to new heights,” said Sundeep Mohindru, promoter and director, Mynd Group.
“His expertise in building innovative financial solutions will be instrumental in establishing M1 NXT as a trusted provider of international trade finance solutions for Indian businesses. We look forward to the transformative impact he will have on our growth and market presence,” Mohindru added.
The main company is called Mynd Group, and M1xchange is a division of that company. M1xchange is the parent company of M1 NXT.
“Our efforts will be to integrate digital technologies that streamline trade and financing processes, making M1 NXT the most trusted brand for international trade financing, driving growth and strategic initiatives across all dimensions,” said Munindra Verma, CEO, M1 NXT.
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