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Paysafe Group PLC

03 March 2017

Paysafe appoints Tim Thurman as Chief Digital Officer

Former Australian Stock Exchange CIO and tech leader to drive next level of Group's digital transformation

3 March 2017 - London: Paysafe Group plc (PAYS.L), a leading global payments provider, has appointed digital technology innovator Tim Thurman as its Chief Digital Officer, reporting to Paysafe President and CEO Joel Leonoff. Thurman, who will join the company on 27 March, will be responsible for driving the development and deployment of Paysafe's digital technology capabilities across its platforms and payment solutions for businesses and consumers globally.

With more than 20 years' technology experience, Thurman will join Paysafe from the Australian Securities Exchange, a world-leading financial market exchange running one of the largest data centers in Australia, where he served as Chief Information Officer for five years. Thurman was instrumental in defining and executing the ASX Technology Transformation Strategy. Before his move to Paysafe, Thurman Chaired the Government Advisory Board for the New South Wales Data Analytics Centre (DAC). He provided leadership and technical guidance to the DAC to ensure data sharing between the government agencies was efficient and strategic. In November 2016, Thurman was recognised as a top-three CIO in the inaugural CIO50 list for the country.

Prior to that, he was based at Credit Suisse Canada as Head of Information Technology. Thurman has also served as Head of Client Development and Sales at Alpha Trading Systems and as VP and Director, Alternative Execution Group at investment business TD Newcrest. TD Newcrest was part of TD Securities and owned by TD, one of the largest banks in Canada. Thurman has also held executive positions with the Toronto Stock Exchange and several positions with IBM Global Services.

Paysafe President and CEO Joel Leonoff said: "From a technology perspective we are focused on building the future of payments, creating the next generation of payment platforms and technology capabilities to connect businesses and consumers around the world with frictionless, borderless and empowering digital solutions. As a proven leader in digital transformation projects at scale, Tim's technology, product and commercial expertise, make him the ideal person to take our digital payments development to the next level and cement Paysafe's pioneering technology leadership."

Thurman, who will be based in Paysafe's Montreal office, added: "Paysafe has been at the forefront of transforming the payments landscape for many years. I am delighted to be joining the payments group at such an exciting time and look forward to working with Joel and the Paysafe teams around the world to help drive the evolution of the online and digital payments business."

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe is redefining payments by enabling fast, convenient and secure ways to pay before, pay now and pay later through its digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services. With two decades of experience, Paysafe is trusted by merchants and consumers to move and manage money through more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe's brand portfolio includes NETELLER(R) and Skrill(R), MeritCard, paysafecard(R), payolution(R), Income Access and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com.

For further information, contact:

Paysafe Group plc

Gavin Haycock, SVP Corporate Communications, Paysafe Group plc

+44 (0) 20 3826 9767 / gavin.haycock@paysafe.com

Brunswick Group LLP

Brian Buckley / Rowan Brown

+44 (0) 20 7404 5959 / paysafe@brunswickgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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March 03, 2017 02:30 ET (07:30 GMT)

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