Paysafe Group Appoints Philip McHugh as CEO

       Philip McHugh

UK-based Paysafe Group, a leading provider of end-to-end payment solutions announced today the appointment of Philip McHugh as its Chief Executive Officer, effective June 24, 2019. He would be taking over from Joel Leonoff who is taking up a new position as Vice Chairman of the Company’s Board of Directors.

McHugh would be shifting here from TSYS, a global payments provider, where he was responsible for heading up their merchant solutions division. He has worked at Barclays in London as the Global CFO of Barclaycard and CEO of Barclaycard Business Solutions. During his time with Barclaycard, he was part of the leadership team and was involved in implementations of various growth initiatives.  These included the rapid expansion of the US business and the transformation of the UK payments businesses through new platform investments and the introduction of virtual credit card and contactless solutions.

The decision to go with McHugh seems to be taken looking at his extensive experience of the global banking and payments industries to the role, and an executive leadership career spanning more than 20 years.

Speaking regarding his appointment, McHugh commented on the Paysafe’s differentiated assets and taking them to the next level of growth.

Meanwhile, in his new role as Vice Chairman of the Company’s Board, Leonoff will continue to be closely involved in the development of Paysafe’s corporate strategy.  Leonoff founded Paysafe, originally Optimal Payments, in 1997 and has held the position of President and CEO since 2008. In his statement, Leonoff congratulated McHugh on his appointment and looked forward to working with him on the transition. Leonoff added, “I am confident that under his leadership Paysafe will continue to prosper long into the future. It has been an incredible honour to lead Paysafe and I am very grateful for the commitment and hard work of our people and their passion for creating a truly pioneering payments company.”

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