London, 11 June 2015: Earthport plc has appointed investment banking executive Simon Adamiyatt as Chief Financial Officer Designate, effective immediately.
Simon joins Earthport with over 25 years of experience as an investment banker, responsible for providing strategic advice to US and international financial institutions and governmental enterprises. During his tenure, Simon assisted clients with capital raisings, acquisitions, divestitures, principal investments and restructurings. Simon’s investment banking career has encompassed leadership positions including Co-Head of Financial Institutions Group M&A at Lehman Brothers, Head of “FIG” at UBS (Americas) as well as at Bear Stearns. Most recently, he was Head of FIG and a partner at Sagent Advisors.
“We are honoured to have an individual of Simon’s calibre and experience join the leadership of Earthport as our CFO,” said Hank Uberoi, CEO of Earthport. “Simon’s exceptional understanding of the financial services industry, coupled with deep knowledge of financial management at the most senior levels and his impressive track record in executing complex financial controls will take Earthport to the next level of growth.”
“The opportunity to work closely with Hank and one of the most talented executive management teams that I have met is too compelling to forego,” commented Simon. “I look forward to working with my new colleagues to further expand on Earthport’s success.”
Simon, who is anticipated to become a newly appointed Earthport Board Director, subject to regulatory approvals, is the latest addition in a string of recent leadership appointments. Members of Earthport’s executive team joining the company in the last nine months include Daniel Marovitz, President of Europe, Mia Shernoff, Global Head of Marketing, and Sajeev Viswanathan, President, Global Strategy.
Earthport is the largest open global bank payment network, serving financial institutions, ecommerce companies and money transfer organisations. With one connection to Earthport, our clients – representing some of the world’s most respected brands – benefit from the wide range of cost effective cross border payment options, coupled with sophisticated validation and compliance services.
Earthport is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. One of the FinTech50, Earthport has been defined as a disruptive force, transforming the future of finance, and is also the recipient of the 2015 Grant Thornton Technology company of the year award and FStech Retail Systems’ 2014 B2B Payments Innovation of the Year. Find out more at www.earthport.com and on Twitter @Earthport,LinkedIn, YouTube, Slideshare and Google+.