Paysafe appoints Mark Brooker as Non-Executive Board Director

By Joy Dumasia

Paysafe, a payments platform, announced it had appointed Mark Brooker as an independent Non-Executive Board Director effective July 22. Brooker joins Paysafe as an additional member of the board, which chairman Bill Foley leads, and includes an executive director and Paysafe CEO, Philip McHugh.

Brooker brings extensive and highly relevant executive director experience to the team. He was previously chief operating officer for Trainline, Europe’s most significant independent rail and coach tickets retailer. Before Trainline, he was a chief operating officer of Betfair Group PLC, a leading online gambling operator and now part of Flutter Entertainment. In his earlier career, he spent 17 years in investment banking, working for Morgan Stanley, Merrill Lynch, NatWest and NM Rothschild & Sons.

Brooker also brings to Paysafe a diverse range of non-executive board director experience and currently sits on the boards of Findmypast, a leader in online genealogy, where he is chairman; Future PLC, a global platform for specialist media and member of the FTSE250; Equiniti Group, a leading provider of share registration, pension administration and other technology-enabled business outsourcing; and Seedrs, a digital fund-raising platform for early-stage businesses.

Philip McHugh, CEO of Paysafe, said: “Mark brings a wealth of highly applicable and complementary experience to further strengthen our board that we believe will be invaluable as we continue our growth as a newly public company and specialized payments leader. We’re particularly excited to benefit from Mark’s unique input and perspectives with regards to iGaming – an industry we are intensely focused on as the U.S. market ramps up.”

Recently, IBS Intelligence reported that Elliptic, a provider of cryptoasset risk management solutions, has been selected by Paysafe, a specialized payments platform, for its Elliptic Lens solution. Paysafe is now able to manage indirect exposure to cryptocurrency-related risks and bolster its cryptocurrency controls.