Tuxedo Money Solutions names Mark Simon CEO

Source: Tuxedo Money Solutions

Tuxedo Money Solutions, growing fast in the emerging pre-paid card market, has been boosted with the appointment of Mark Simon as CEO.

Tuxedo, which is privately owned, and chaired by Ali Sarikhani, founder of Chiltern plc ,appointed Simon last week to succeed founding CEO Andre Bishoff who stepped up to Non Executive Director to give him time to pursue new initiatives.

Mark Simon, who joins immediately, was IBM's youngest ever Branch Manager in Europe in 1991, and later Executive Assistant to the Global Head of of Sales and Service at IBM's Corporate HQ in the USA, before co-founding his own business in financial services application software. Backed by 3i plc, the business grew successfully before being sold in 2000.

Between 2000 and 2006 Simon held the post of CEO of ComMedica, a spin out of Imperial College London, which under his leadership won the largest contract ever awarded for the delivery of diagnostic imaging software.

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