International payments executive, Karim Ahmad, appointed as Chief Product and Transformation Officer; Daniel Kornitzer moves into Chief Business Development role
Paysafe, a leading global payments provider, today announced the appointment, with immediate effect, of Karim Ahmad to the newly created role of Chief Product and Transformation Officer. The new executive role reflects Paysafe’s intensified investment in extending its products and capabilities via an integrated, global payments platform as well as its ongoing strategic drive to transform and grow its business. Meanwhile, Daniel Kornitzer, who previously held the role of Chief Product Officer, has been named Chief Business Development Officer. Both executives report directly into President and CEO, Joel Leonoff.
With an international career spanning over 20 years, and deep expertise in payments and financial services, Ahmad brings extensive and highly relevant experience to the role. He previously held the role of EVP, Global Product and Innovation for TSYS, a U.S. based company offering solutions across the payments spectrum. In this role he was instrumental in over-hauling the organisation’s approach to product delivery.
In the newly created Chief Business Development role, Kornitzer has responsibility for identifying and securing innovative strategic partnerships, designed to meet the evolving needs of Paysafe’s customers in targeted markets and grow new revenues. He will also play an instrumental role in Paysafe’s M&A activity.
Commenting on the appointments, Joel Leonoff, President and CEO of Paysafe, said: “The investment in these roles creates further momentum behind our growth strategy. Karim is highly regarded in the international payments industry and I’m confident he will be a strong asset to Paysafe as we seek to extend our products and capabilities and disrupt the status quo in payments.”
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Leonoff added: “I also think Daniel is an ideal fit for our new strategic business development role. His vast knowledge of our customers’ needs, combined with his firm grasp of global industry trends in the payments sector, is second to none. During my time working with him, I have recognised his first-rate ability to identify relevant growth opportunities.”
Karim Ahmad added: “I’m delighted to be joining Paysafe at such an exciting time. Over my career, I have designed numerous new strategies that have helped businesses achieve their growth ambitions. I can see enormous opportunities for Paysafe based on the assets that have been acquired and built under the leadership of Joel and I very much look forward to the challenge of my new role.”