Tag Archives: Joel Leonoff

Paysafe confirms Philip McHugh as inbound CEO

Paysafe Group has confirmed the inbound appointment of Philip McHugh as new Chief Executive, replacing long-term leadership incumbent Joel Leonoff. McHugh will take charge of Paysafe’s executive team on 24 June, as Leonoff takes the governance position of Vice Chairman of Paysafe’s Board of Directors. A twenty-year executive, specialising in digital payments, retail banking and corporate finance, McHugh joins Paysafe …

Read More »

Paysafe governance confident of outperforming 2016 revenue & earnings guidance

Issuing an ‘unaudited’ full-year trading update, FTSE 250 listed payment provider Paysafe Group stated that combined momentum of its enlarged group would see the firm exceed $1 billion in corporate revenues.  Updating investors, Paysafe governance stated that a strong second half to FY 2016 would see the company report top-line metric guidance towards the upper end of its corporate guidance. …

Read More »

No Deal! Paysafe Group hit by shareholder revolt of executive pay scheme

Online payment provider, Paysafe Group Plc (Paysafe) has become the latest FTSE-listed company to face a shareholder dispute regarding executive pay.   Despite governance announcing on Wednesday that the company was outperforming its market guidance, 52% of shareholders voted against Paysafe’s executive payment scheme at the firm’s annual general meeting. It is understood that Paysafe investors are unhappy with CEO …

Read More »

Paysafe Group secures December LSE listing

Paysafe Group the new unified brand of Optimal Payments and Skrill, has announced that it has applied to enter for a main marketing listing on the London Stock Exchange (LSE). Paysafe governance had outlined a move to LSE FTSE 250 prior to completing its +€1 billion acquisition of Skrill assets in August. Its new listing will aim to enhance its investor …

Read More »

Optimal unifies assets under Paysafe Group brand

LSE listed online payments provider, Optimal Payments (Optimal) has rebranded to Paysafe Group. The firm is reported to have filed its name change with the LSE, which will see its corporate ticker abbreviated to PAYS.L. The rebrand sees the provider merge its proprietary brands Optimal Payments and Neteller with its acquired asset of Skrill, which was purchased in August for …

Read More »

Joel Leonoff – Optimal governance seeks further acquisition targets

Having announced a revenue up lift of 40% to $223 million (£144 million), combined with adjusted corporate profits of $37.3 million (£24 million) for its H1 2015 performance. Optimal Payments CEO Joel Leonoff has stated that company governance is on the lookout for its next target, as Optimal aims for entry into the London FTSE 250. Having completed its €1.1billion …

Read More »

UK FCA approves Optimal Payments takeover of Skrill

Following a review of its $1.2 billion (£815 million) takeover of online payment provider Skrill Group, the UK Financial Conduct Authority (FCA) has approved Optimal Payments PLC (LSE) acquisition bid. Informing the market Optimal Payments governance stated that it would proceed with its full integration of Skrill Group operations, with a view to complete its takeover by 10 August. Issuing a …

Read More »

Optimal Payments expands mobile services with FANS Entertainment acquisition

Online payments solutions provider, Optimal Payments has confirmed the acquisition of Montreal based platform developer Fans Entertainment INC for a sum of CAD $ 16 million (£9 million). Issuing a corporate statement, Optimal Payments detailed that it had issued 3,163,633 of shares to the sellar. The consideration shares can be exchanged for Optimal Payments shares on a one-for-one basis over the …

Read More »

Optimal Payments confirms Keith Butcher departure as CFO

Optimal Payments has confirmed that Keith Butcher will leave the company as Chief Financial Officer. The Payment Processor and igaming transaction specialist confirmed the appointment of Brian McArthur-Muscroft as his replacement McArthur Muscroft joins Optimal Payments having served as Financial Director for Telecity Group.  McArthur Muscroft has over 20 years’ experience in financial technology strategy  having held senior managerial positions …

Read More »