NYSE-listed payment processor Paysafe Ltd announced that it appointed Alex Gersh (LinkedIn) as its new CFO. Gersh joins the company on October 3, 2022, and will report to Paysafe CEO Bruce Lowthers. The new payment executive joins Paysafe from Nasdaq-listed Sportradar, a global sports technology company. He has a record of over 25 years in the financial services segment and previously held CFO positions in public and private organizations. Gersh replaces former CFO Izzy Dawood, who leaves the company later in the year.
At Sportrade, he built a high-performing finance function and successfully led the company’s IPO on NASDAQ in September last year.
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.”
Paysafe, regulated under several regulatory regimes, had annualized transactional volume of $20 billion in 2021. It has a workforce of approximately 3,500 employees located in 10+ countries.