Khalid is a highly experienced executive who joins after a career at Western Union, where he was responsible for building the company’s digital business and most recently served as President of Consumer Money Transfer. He replaces Nick Day, who has stepped down from the role of CEO, effective immediately.

Having founded Small World in 2005, Nick has been instrumental in building the company into a global business with revenues of over £150m, close to 1,000 colleagues and responsibility for transferring more than £5bn of customers' money each year. After 15 years of leadership, Nick will step down to spend more time with his family and pursue other opportunities. He supports the appointment of a new CEO with a different set of skills and experiences to drive the ambitious growth plans. He will remain a shareholder of the business.

Khalid Fellahi comments: “I am delighted to be joining Small World as CEO, a business with an established global presence which has grown rapidly since its foundation. I look forward to working closely with Per and the Senior Leadership group, as well as the wider Small World team, on continuing to grow the business, particularly driving its omni-channel customer offering.”

Nick Day comments: “I am extremely proud of everything that we have achieved at Small World since starting the business back in 2005 - it has been an enormous privilege to lead a business that has at its heart such a strong purpose, with such a diverse and inclusive team. I would like to thank all my colleagues for the part they have played in making Small World the incredible business that it is today. However, the time has come to hand over the reins to a new CEO to take Small World to the next stage of its development and I look forward to seeing the business continue to grow and succeed.”

Paying tribute to Nick, Per Setterberg, Chairman, comments: “I would like to thank Nick for his hard work, commitment and leadership of Small World and wish him the best for the future. We are delighted to welcome Khalid Fellahi as CEO, a highly regarded executive with deep money transfer experience and an outstanding leadership track record. I am confident that Khalid will play a key role in realising our ambitious growth strategy.”