Travelex selects Philip Bowcock for CEO

Payments

Photo: Travelex

July 30, 2025

Travelex, a foreign currency exchange company, selected Philip Bowcock as CEO. He takes over for Richard Wazacz, who is stepping down from the role, according to a press release.

Bowcock previous served as executive chair at NM Money Group and has served in a number of finance positions.

“This announcement marks the next phase of our journey at Travelex, focused on adapting to our changing customer requirements and industry environment, further strengthening our foundations, and building for long-term success. I am confident Philip will drive our strategic priorities and build for long-term success across our retail and wholesale businesses,” Alexander Filshie, chairman, Travelex, said in the release.

“I am delighted to join Travelex at this pivotal time in its journey. The business has shown remarkable resilience, having navigated the challenges of the pandemic and made significant progress in recovering and stabilizing its operations over recent years. I look forward to building on its strong foundations to further strengthen the core business, enhance operational efficiency, and ensure sustainable growth,” Bowcock said in the release.

Travelex provides ATMs and retail locations at airports, transport hubs, malls and city centers for foreign currency exchange in more than 20 countries.