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MoneyGram hires new chief accounting officer

Money transfer company MoneyGram International has hired David Brown as senior vice president and chief accounting officer (CAO).

In this new role, Brown will be responsible for the entire accounting and finance functions that are being brought under one executive for enhanced efficiency and also has global responsibilities for accounting, tax and financial planning & analysis.

Before joining MoneyGram, Brown was CFO for Dresser, a GE subsidiary, and led the recent integration of Dresser into various business units of GE’s energy division.

Brown mainly worked in England, Russia and Brazil for companies such as Halliburton, LSG Sky Chefs and the Brink’s Company.

He sits on the Cubic Energy board of directors and serves on the compensation committee, as chair of the audit committee and as a financial expert. Brown is a certified public accountant in the State of Texas.

MoneyGram International offers money transfer services worldwide and bill payment services in the US and Canada through more than 256,000 agent locations in 192 countries and territories around the world.