American Express – Former CWT Funds VP Holmes Heads to Amex
After practically two years as CWT’s vp of funds, David Holmes has left the mega TMC for a digital and journey funds management position with American Express. Holmes now serves as vp of the digital funds platform and central journey funds for Amex, in line with his LinkedIn profile.
Holmes joined CWT in April 2019 within the newly created position of funds vp after greater than 17 years with UATP, together with a stint as chief business officer. It wasn’t instantly clear as of Tuesday afternoon whether or not CWT would substitute Holmes. On the time of Holmes’ hiring, CWT had touted the creation of the brand new fee management place as an indication of its elevated emphasis on delivering help and innovation round its shoppers’ evolving fee wants.
Nevertheless, the drastic decline in enterprise journey for the reason that onset of the worldwide Covid-19 pandemic has slowed travel-related fee exercise, drying up reserving revenues for a lot of TMCs and resulting in workforce reductions by among the business’s largest names.
Tag: American Express