Banking Circle Group, a financial technology platform for global commerce, has appointed Kush Saxena as group CEO.
The appointment follows the recent appointment of Ralph Hamers as group chairman and, according to the firm, represents a natural step towards the next phase of growth at scale.
Commenting on the appointment, Hamers says: “Kush has an impressive profile and we are excited to have him lead Banking Circle Group into its new chapter, building upon the strong foundation that Anders, Laust, and the team have built.
“His proven track record in scaling global payments platforms, strong operating rigor, and technology-led approach is complementary to the existing Group bBoard and management team, and I am excited to partner with him to deliver on the significant growth opportunity that lies ahead.”
Co-founder Anders la Cour will move into the role of senior advisor while co-founder Laust Bertelsen will continue as CEO of Banking Circle S.A. and transition out over the next 12 months, says the firm.
Saxena brings over 20 years of senior leadership experience in global payments and financial technology, and was most recently the CEO of Getnet.
Prior to Getnet, he spent eight years at Mastercard, most recently as a member of the global management committee and executive vice president of Mastercard’s Merchants and Acceptance division, and was chief technology officer before that.
He has also held board roles at publicly-listed companies, including as non-executive director of Crown Agents Bank and advisory board member of BioVie, alongside senior advisor positions to organisations such as The World Bank.
La Cour adds: “It has been the privilege of my career to build the business with Laust alongside an extraordinary group of colleagues and clients.
“From a small team with a bold idea, we have grown into a category-defining global financial infrastructure platform, surpassing €500 million in revenue and earning the trust of many of the world’s leading institutions.
“With Ralph as chairman and Kush as CEO, the Group is exceptionally well placed for the chapter ahead, and Laust and I look forward to continuing to support the team.”
Saxena comments: “Anders, Laust, and the team have built something genuinely unique — a technology-led financial infrastructure platform of real global scale, trusted by some of the most demanding clients in financial services and digital commerce.
“I am honoured to be joining at this exciting moment and look forward to partnering with the broader team and Ralph to deliver on the next phase of growth at scale.”
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