Paysafe Ltd has appointed Alex Gersh as its new chief financial officer, effective October 3. Gersh will report to Paysafe CEO Bruce Lowthers.
Gersh brings to Paysafe a track record of over 25 years in international financial leadership, having previously held CFO positions in public and private organizations in both the U.K. and U.S.
Gersh joins Paysafe from Sportradar, where he built a high performing finance function and successfully led the company’s IPO on NASDAQ in September last year. Earlier in his career he spent six years in the online betting industry, most recently as CFO and Board Director of Paddy Power Betfair PLC.
Before entering the online betting industry, Gersh spent nearly eight years as CFO for NDS Group London, a leading global provider of digital pay TV software solutions.
Bruce Lowthers, Paysafe CEO, said: “Alex is a highly talented finance executive with a proven track record of driving growth for the international companies he has helped to lead. I know he will be a real asset to our team as we continue our path to accelerate growth and drive long term value for all our stakeholders.”
Gersh added: “Paysafe has a highly diversified and relevant digital payments offering in the specialized industries it focuses on including gaming and entertainment. I have been fortunate to have worked for some of the biggest brands in these sectors and I very much look forward to bringing my knowledge and insights to my new role at Paysafe and being part of this ambitious company’s future growth story.”
Gersh replaces former CFO, Izzy Dawood who leaves the company later in the year.
Lowthers continued: “I would like to express our sincere thanks to Izzy for his significant contribution to Paysafe during his time with the company and his commitment to ensuring a smooth transition of responsibilities.”