eServGlobal at its Annual General Meeting to be held March 22, 2013, will announce that it is reorganising its management structure. Paolo Montessori, COO, will focus on the overall management and core business while Craig Halliday will focus on the strategic development of HomeSend. As a result, Paolo will take on the role of Chief Executive Officer while Craig Halliday will be chairing a newly-created Board committee focused exclusively on HomeSend and its role in the growing international remittances industry.

These changes will be effective from May 1, 2013. David Smart will retire from the Board of Directors effective March 22, 2013. In addition the Board intends to appoint Steve Blundell, CFO, to the Board as Finance Director on May 1, 2013.

Paolo, is currently eServGlobal's Chief Operating Officer.