Saxo Payments Brings in Paul Townsend as Non-Executive Director

Saxo Payments has secured the services of payments maven, Paul Townsend, who joins as its non-executive director with immediate effect.

Saxo Payments has strengthened its senior team with the addition of Paul Townsend as its newest Non-Executive Director, following a lengthy tenure spanning over fifteen years in the electronic payments sector, according to a Saxo statement.

Saxo Payments A/S is the foreign exchange (FX) payments arm of Saxo Bank that was founded in 2013. Saxo Bank itself has undergone a number of personnel moves during H2 2015, including the announcement that one of the group’s co-founders and the co-CEO, Lars Seier Christensen, is slated to step down from the company’s board of management on January 1, 2016.

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Mr. Townsend joins Saxo Payments after what has been a two-decade long career in banking and financial services. His most recent position was at Vitesse PSP, having served as its Managing Director since 2013. Other stops also include stints as the Chief Strategy Officer at Worldpay and the COO of Envoy Services, dating back to 2005. He will be utilized for his expertise in the industry as well as his wealth of contacts.

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Paul Townsend, Non-Executive Director, Saxo Bank
Paul Townsend, Non-Executive Director, Saxo Payments

According to Anders la Cour, Chief Executive Officer (CEO) for Saxo Payment in a recent statement on the appointment: “Paul will be an incredibly valuable addition to our team. He has a solid background in the banking sector, as well as an impressive track record of founding and developing smaller companies focused in the e-commerce space.”

“This in-depth knowledge, combined with strong industry connections, means Paul is perfectly positioned to help drive Saxo Payments onto a new level of expansion, as we continue to develop our member network worldwide,” he noted.

“Saxo Payments is a major player in an exciting marketplace and I am looking forward to using my experience to expand the membership of the Saxo Payments Banking Circle. It is offering a genuine alternative to traditional payment solutions, helping innovative businesses meet their potential in growth markets around the world,” added Mr. Townsend in an accompanying statement.

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