CLOWD9 appoints ex-Goldman Sachs partner Peter Selman as Chairman

By Gloria Methri

Payment processing platform CLOWD9, which launched in October 2022 has announced the appointment of Peter Selman as its Chairman. As a co-founder, Selman provides strategic counsel and direction to CLOWD9, drawing on his extensive background in global finance.

As Chairman, he will work closely with CEO Suresh Vaghjiani, as the business builds scale across its global platform.

In a career spanning more than 22 years at Goldman Sachs and in his role as head of Global Equity Derivatives, Selman was instrumental in building several products and services and expanding the use of technology to help meet client needs across different jurisdictions.

Prior to his role at CLOWD9, Selman was Global Head of Equities at Deutsche Bank, where he led a significant re-engineering of the business, as well as acting as co-head of Americas markets.

Outside of CLOWD9, Selman is the head of the New York Committee for Cambridge in America, a board member of the Sutton Trust, and Managing Partner at SEDA Experts.

Founded by Suresh Vaghjiani, Cosmo Spens, Artur Grabowski, Robert Hampel, and Peter Selman, CLOWD9 was created to transform the technology that underpins the global payments system. Built entirely in the cloud, CLOWD9 removes the need for physical hardware.

Suresh Vaghjiani, CLOWD9 Founder and CEO said, “Peter has already played an instrumental role in building the business, and I look forward to his continued strategic counsel as our chairman. Throughout his career, Peter built and led a variety of innovative global teams and businesses blending technology with the cutting edge of finance – that experience and expertise are, quite simply, invaluable for CLOWD9 as we continue to grow our business.”

Meanwhile, Peter Selman, newly appointed Chairman of CLOWD9, said, “The momentum we have already seen behind CLOWD9 is impressive, successfully building a platform from first principles that brings payments processing into the modern age. This has all been made possible by the experience and dedication of the team, and the traction we are already seeing with clients is a testament to the need for a new generation of payments platform. I am unbelievably excited by the potential of the business and look forward to supporting its continued success.”