Banking Circle Group appoints Kush Saxena as Group CEO
Banking Circle Group, the financial technology platform for global commerce, today announces the appointment of Kush Saxena as Group Chief Executive Officer. The appointment follows the recent appointment of Ralph Hamers as Group Chairman and represents a natural step towards the next phase of growth at scale. Co-Founder Anders la Cour will move into the role of Senior Advisor. Co-Founder Laust Bertelsen will continue as CEO of Banking Circle S.A. and transition out over the next 12 months.
Banking Circle Group is a next generation financial technology platform for global commerce, co-founded and led by Anders la Cour and Laust Bertelsen since inception in June 2013. Under their leadership, the company has been built into a trusted partner for some of the largest and most successful businesses around the world, including Payment Service Providers, FinTech’s, banks, global marketplaces, corporates and online merchants. Underpinned by a market-leading client retention profile, the company has now exceeded €500 million in revenue and continues to grow quickly. The pace of growth has been fuelled by strong client adoption, international expansion and sustained investments in the platform under Anders’ and Laust’s stewardship.
Kush Saxena brings over 20 years of senior leadership experience in global payments and financial technology. Most recently, he was the Chief Executive Officer of Getnet, the largest Merchant Acquirer in Latin America. Prior to Getnet, he spent eight years at Mastercard, most recently as a member of the Global Management Committee and Executive Vice President of Mastercard’s Merchants and Acceptance division, and before that as the Chief Technology Officer. Kush Saxena has also held Board roles at publicly listed companies, including as Non-Executive Director of Crown Agents Bank and Advisory Board Member of BioVie, alongside senior advisor positions to organisations such as The World Bank.
Ralph Hamers, Chairman of Banking Circle Group, said: “Kush has an impressive profile and we are excited to have him lead Banking Circle Group into its new chapter, building upon the strong foundation that Anders, Laust and the team have built. His proven track record in scaling global payments platforms, strong operating rigor and technology-led approach is complementary to the existing Group Board and management team, and I am excited to partner with him to deliver on the significant growth opportunity that lies ahead.”
Anders la Cour, Co-Founder of Banking Circle Group, commented: “It has been the privilege of my career to build the business with Laust alongside an extraordinary group of colleagues and clients. From a small team with a bold idea, we have grown into a category-defining global financial infrastructure platform, surpassing €500 million in revenue and earning the trust of many of the world’s leading institutions. With Ralph as Chairman and Kush as CEO, the Group is exceptionally well placed for the chapter ahead, and Laust and I look forward to continuing to support the team.”
Kush Saxena, incoming Group Chief Executive Officer, added: “Anders, Laust and the team have built something genuinely unique – a technology-led financial infrastructure platform of real global scale, trusted by some of the most demanding clients in financial services and digital commerce. I am honoured to be joining at this exciting moment and look forward to partnering with the broader team and Ralph to deliver on the next phase of growth at scale.”
