Moneydirect appoints new CEO

Dublin, Ireland, 12 April 2010: Moneydirect, the leading provider of multi-channel payment solutions for the global travel industry, today announced the appointment of Hans Olav Hagen as its new Chief Executive Officer. Hagen, who officially takes up his new role on April 12, has more than 15 years’ experience in the global payments industry. Most recently he was Managing Partner of financial services consulting company SmallChange.Hagen expects the company to push deeper into new and existing markets, helping travel companies cut costs, develop new revenue streams and build stronger relationships with clients and business partners using Moneydirect’s payment solutions.

He continued, “Thanks to the commitment and vision of its shareholders, Moneydirect is now a global operation, with more than 11,000 customers using our efficient, secure and reliable payment solutions to process more than $3 billion annually in travel payments.”

During his career, Hagen has held a variety of senior positions in the banking and financial services sectors, including Head of International Business Development at European payment solutions provider PayEx and Head of Commercial Card Solutions for DnBNOR, Norway’s largest bank.

Hagen, who holds a Master of Management degree from the leading French business school HEC, will be based in Moneydirect’s offices in Sophia-Antipolis, France.

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About Moneydirect

Moneydirect, an Amadeus and Sabre joint venture, is the leading provider of multi-channel payment solutions for the global travel industry. Over 11,000 customers currently trust Moneydirect to securely manage more than US$3 billion annually in global travel payments on its best in class processing platform. More information is available at
 

 

 

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He replaces James Filsinger, who left to pursue other opportunities. Filsinger joined the company in 2007 and was instrumental in Moneydirect’s expansion beyond Asia Pacific into the United States and Europe.
“I’m excited by the opportunity to lead Moneydirect into its next phase of development and build upon the success it has experienced under James’ leadership,” Hagen said. “As a rapidly growing payment company backed by two of the world’s leading travel technology companies, Sabre Holdings and Amadeus, our momentum will only increase in the future.”

Eduardo Vaena

Moneydirect

eduardo.vaena@moneydirect.com

 

 

Vice President, Global Marketing

Tel: +1 682 605 3332

 

 

 www.moneydirect.com

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