Livia J. Klimovitsky Szabo

Livia Judith Klimovitsky Szabó (born Oct 12, 1971) is the Founder of Moshulu Group, President of American-Hungarian Chambers of Commerce in multiple States, and Task Force Member of the Payment initiative of the United States Federal Reserve System.   

Mrs. Klimovitsky’s career is characterized by her resourcefulness in bringing together people, networks and systems to achieve her vision, resulting in profit and growth for her employers. 

As Chief Executive Officer (CEO) of Sia Central Europe (former Giro Bankcard cPlc), she oversaw a company operating in 40 countries throughout Europe, Africa and on the Brazilian market responsible for setting up and IT systems for bankcard issuing, acquiring, clearing and settlement of transactions. Sia was responsible for SEPA (Single Euro Payment Area) adoption throughout Europe, including managing all debit and credit transaction processing for SEPA member banks and CEE (Central and Eastern Europe) National Banks.

From 2004 to 2007 Mrs. Klimovitsky was Deputy CEO, Senior Vice President (SVP) of Mergers and Acquisitions at OTP Bank Group, the largest bank in Central and Eastern Europe. Her role was to identify acquisition targets, negotiate the purchase and integrate the assets of the newly acquired bank into the OTP family. Her procurements over this period, including banking networks in Russia, Romania and Croatia tripled the size of OTP assets. 

Prior to OTP, Mrs. Klimovitsky was Associate Vice President (AVP) at MasterCard Worldwide in CEE. She introduced MasterCard Electronic, the first online revolving credit program on the market, and launched many other credit programs in a cash oriented market. Subsequently she led multinational rollout of EMV secure chip cards to 2000 member banks in Russia and throughout CEE. 

From 1998 to 2001, Mrs. Klimovitsky headed the Consumer Finance development at GE Capital. In this position, she introduced Point of Sale (POS) payment terminals to merchants throughout Hungary, and promoted their use with cardholders. As part of consumer adoption of POS payments, she pioneered mobile notification of transactions, a program that was then exported to other financial institutions worldwide. After the success of bringing POS to the Hungarian market, she initiated the product development of consumer credit, first in CEE, bringing together a cross functional team including Finance, IT, Risk management, Sales and Marketing. The program resulted in year over year growth in customer base of 150% annually, and GE Capital margins rose by 40%.

In 1996, Mrs. Klimovitsky was a founding member of Euronet Worldwide.  As Manager of Marketing and Business Development, she negotiated outsourcing of transaction processing for banks throughout CEE.  2 years after company launch, Euronet was listed on NASDAQ. 

Mrs. Klimovitsky resides in Southern California where she and her husband are raising their two children.