MoneyGram raids Western Union for compliance expertise

Source: MoneyGram

MoneyGram International (NYSE:MGI), a leading global money transfer company, today announces the addition of two new executive team members. The company has appointed Phyllis Skene-Stimac as senior vice president and chief compliance officer and also named Patricia Sullivan as senior vice president of communications.

"We are thrilled to have Patty and Phyllis join our leadership team as we continue the transformation of the company," said MoneyGram Chairman and Chief Executive Officer Pamela H. Patsley. "I am confident that these two talented executives with extensive financial services experience will be invaluable as we expand our global operations and drive forward the strategic initiatives of the new MoneyGram."

Stimac brings to MoneyGram a wealth of knowledge and expertise from 20 years of experience running compliance programs for financial services institutions, most recently as Deputy Chief Compliance Officer at Western Union. Her broad global experience in anti-money laundering and regulatory programs will be instrumental in advancing MoneyGram's worldwide compliance efforts.

Sullivan joins MoneyGram with over 20 years of marketing and public relations experience in consumer brands and financial services, most recently as senior director of communications for Blockbuster, Inc. She will be responsible for reputation management, internal and external communications and helping to build positive and consistent brand awareness.

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