Boku CFO, Keith Butcher, to Become LHV UK's Second INED
- Butcher to join the risk, audit, remuneration and nomination committees.
- He has been a CFO at Boku, PaySafe Group and DataCash Group.
LHV UK Limited, the United Kingdom division of LHV Group, an Estonian financial group and capital provider, is making plans to onboard Keith Butcher, the Chief Financial Officer of Boku Inc., as a member of its Board of Directors.
Upon his admission to the Board, Butcher becomes the second Independent Non-Executive Director (INED) to join the Group’s UK office.
Butcher had joined Boku Inc. in 2017 as an Independent Non-Executive Director and Chair of the company’s Audit Committee. He emerged CFO of the mobile payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term company in 2019.
The experienced financial analyst will also become a member of the risk, audit, remuneration and nomination committees of LHV UK Limited, the company said in a statement.
Speaking about Butcher’s appointment, Madis Toomsalu, Chairman of the Board, said the CFO’s Independent Non-Executive and Chair of audit experience is a welcome addition to the company’s Board.
"We are delighted to appoint Keith to the LHV UK Board. He brings a wealth of industry experience as well as an impressive track record of taking high growth internationally listed businesses to the next level,” Toomsalu said.
The Award-Winning CFO
Butcher, a graduate of Management Sciences from the University of Warwick, has about three decades of experience in the financial industry.
In 2014, he won the CFO of the Year Award at Grant Thornton Quoted Company Awards, a ceremony that celebrates the achievements of the UK’s leading small companies.
Butcher joined KPMG in 1993 after graduating with a BSc (Hons) in 1984.
At the audit, tax and advisory services provider, he qualified as a Chartered Accountant and became a member of the Institute of Chartered Accountants.
From 2010 to 2015, Butcher was the CFO at PaySafe Group Plc (formerly Optimal Payments Plc) where he led during the company’s five-year high growth transformation period.
Furthermore, he worked as a Financial Director at DataCash Group PLC, during a six-year growth period before the firm was sold to MasterCard.
LHV UK Limited, the United Kingdom division of LHV Group, an Estonian financial group and capital provider, is making plans to onboard Keith Butcher, the Chief Financial Officer of Boku Inc., as a member of its Board of Directors.
Upon his admission to the Board, Butcher becomes the second Independent Non-Executive Director (INED) to join the Group’s UK office.
Butcher had joined Boku Inc. in 2017 as an Independent Non-Executive Director and Chair of the company’s Audit Committee. He emerged CFO of the mobile payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term company in 2019.
The experienced financial analyst will also become a member of the risk, audit, remuneration and nomination committees of LHV UK Limited, the company said in a statement.
Speaking about Butcher’s appointment, Madis Toomsalu, Chairman of the Board, said the CFO’s Independent Non-Executive and Chair of audit experience is a welcome addition to the company’s Board.
"We are delighted to appoint Keith to the LHV UK Board. He brings a wealth of industry experience as well as an impressive track record of taking high growth internationally listed businesses to the next level,” Toomsalu said.
The Award-Winning CFO
Butcher, a graduate of Management Sciences from the University of Warwick, has about three decades of experience in the financial industry.
In 2014, he won the CFO of the Year Award at Grant Thornton Quoted Company Awards, a ceremony that celebrates the achievements of the UK’s leading small companies.
Butcher joined KPMG in 1993 after graduating with a BSc (Hons) in 1984.
At the audit, tax and advisory services provider, he qualified as a Chartered Accountant and became a member of the Institute of Chartered Accountants.
From 2010 to 2015, Butcher was the CFO at PaySafe Group Plc (formerly Optimal Payments Plc) where he led during the company’s five-year high growth transformation period.
Furthermore, he worked as a Financial Director at DataCash Group PLC, during a six-year growth period before the firm was sold to MasterCard.