Our Management Team

OUR MANAGEMENT TEAM

JOEL LEONOFF

CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD OF DIRECTORS

Joel is a serial entrepreneur with over 30 years of experience as a founder, strategist, senior executive and a driving force in building multi-billion-dollar companies that have delivered exceptional returns for shareholders.

Joel Leonoff is our Chief Executive Officer and Chairman of the Board of Directors. Mr. Leonoff is Vice Chairman of Paysafe’s Board of Directors, a UK based global payments company. Mr. Leonoff has over 30 years’ experience building and managing multi-billion-dollar rapid growth technology companies with a primary focus on the global electronic commerce and internet payment landscape having founded three high-tech companies. Mr. Leonoff was recognized as one of Canada’s Top 40 under 40. Mr. Leonoff has significant experience in mergers and acquisitions including the integration and management of the multiple merged enterprises. In 1995, Mr. Leonoff founded TotalNet Inc., then one of Canada’s leading independent internet service providers, serving as its Chief Operating Officer. In 1997, TotalNet was successfully sold and integrated into Mpact Immedia (TSX: IFM) and a global e-commerce solutions provider. He continued with Mpact, in the role as Executive Vice President, where he helped reorganize the company and eventually structure the merger with the Electronic Business Solutions unit of Bell Canada, creating a top-tier electronic commerce provider, later known as BCE Emergis (TSX: IFM). He assumed the position of Senior Vice President, Sport and Entertainment Division where he led the development and growth of the company’s fastest growing division. Mr. Leonoff later purchased the Sports and Entertainment division and founded Surefire Commerce Inc. (TSX: FIR), later re-named Terra Payments (TSX: TPI), where he served as Chief Operating Officer and Chief Financial Officer and eventually as a board member and chairman of the audit committee. In 2004, the company merged with Optimal Robotics Corp (Nasdaq: OPMR), to form Optimal Payments Inc. In 2006 and 2007, Mr. Leonoff served as Group Operations Director/Chief Operating Officer of Partygaming PLC (LSE: PRTY), a FTSE 100 company then regarded as a leading on-line gaming company. While at Partygaming, he was instrumental in completing the acquisition of Gamebookers (Bulgaria), an on-line sports betting business that served to diversify Partygaming’s offering. In 2008, Mr. Leonoff negotiated the repurchase of the Credit Card Not Present division of Optimal Payments Inc. (Nasdaq: OPMR) for approximately $6 million and assumed the leadership role of President and Chief Executive Officer. In 2011, he concluded the sale of the business to Neovia Inc (LSE: NEO) in the online payment space and assumed the role of President and Chief Executive Officer of the combined business. As Chief Executive Officer of the merged Optimal Payments, he led the strategy and execution of their business plan which included multiple business acquisitions including the purchase of Skrill Inc. in 2015. The merged entity, continuing under the name Paysafe Holdings (LON: PAYS), was admitted to the FTSE 250 listing in London. Following continued rapid growth, Paysafe was sold in a privatization transaction, in late 2017, to Blackstone and CVC Private Equity for approximately US$4 billion. Mr. Leonoff continued in the role as Chief Executive Officer of Paysafe during 2018 and the first half of 2019 and currently serves as Vice Chairman of the Board. On December 7, 2020, Foley Trasimene Acquisition Corp II (NYSE: BFT), a special purpose acquisition corporation, announced it had entered into a definitive agreement to consummate a business combination transaction with Paysafe for approximately US $9 billion, a valuation representing more than double the initial equity investment made by Blackstone Group Inc. (NYSE: BX) and CVC Capital Partners in 2017. In 1988, Mr. Leonoff founded Bizware Computer Systems Ltd, a vertical market software company focused in the Oil and Gas Sector. He sold the company in 1994 and assisted new ownership in the successful completion of its IPO on Nasdaq. Prior to this, from 1985 to 1988, he worked as a management consultant at Zittrer Siblin Ernst & Young where he developed his software development skills as a programmer and then eventually as a manager and software designer of various information systems across numerous industries.
Mr. Leonoff received a Bachelor of Commerce and Diploma in Public Accountancy from McGill University. Educated in the fields of accounting and management information systems at McGill University.

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HILLEL FRANKEL

PRESIDENT

Hillel is an experienced senior executive with over 30 years of experience in international mergers and acquisitions both as a professional and an owner/operator including prior service as President of a public company.

Hillel Frankel is our President and has over 30 years of experience in international mergers and acquisitions both as a professional and as an owner/operator; the latter resulting in his role as President and director of a public company. His initial experience as a public accountant and then as an attorney specializing in international mergers and acquisitions and taxation for an international Canadian law firm has provided the foundation for diverse business activities. During the past 25 years, he has also been a legal, financial and investment advisor to two high net worth families and been involved in numerous private and public investments. Since 2015, Mr. Frankel’s primary focus has been the negotiation, analysis and management of private and public investments, both for his own account and high net worth business associates. Since January 2011, Mr. Frankel has served as president of the Sonoma Group, an investment manager and family office. During 2013 and 2014, he served as Chief Financial Officer and Chief Operating Officer of Spector & Co, a North American distributor of promotional products. From 2003 to 2012, Mr. Frankel was President and Director of Madacy Entertainment and its subsidiary/successor entities, Sonoma Entertainment and Countdown Media. In particular, in 2003, he directed all aspects of the leveraged management buy-out of Madacy Entertainment Group from Handleman Company (NYSE: HDL) and assumed the role of President. In 2005, he led and managed the initial public offering and financing of the Madacy Entertainment Income Fund (TSX: MEG-UN), continued as its President and took on its investor relations responsibilities. In 2009, together with an institutional investor, he spearheaded the going private transaction of Madacy Entertainment Income Fund. In 2010, Mr. Frankel designed and implemented the leveraged spin-out and financing of Madacy’s fast-growing international music licensing business into a new entity, Countdown Media, and the spin-out of its mature brick-and-mortar business into a separate entity (Sonoma Entertainment). He then assumed the role of Chief Executive Officer of Countdown Media. In 2011, as Chief Executive Officer of Hamburg, Germany-based Countdown Media, he led an M&A process which culminated in the sale of the business to Bug Music prior to the latter’s sale of its combined business to BMG Rights Management. Mr. Frankel practiced law from 1988 to 1995 with Stikeman Elliott, a Canadian-based international law firm, specializing in international mergers and acquisitions and taxation.

Mr. Frankel received a Bachelor of Commerce and Diploma in Public Accountancy from McGill University and received a Bachelor of Civil Law from McGill University Faculty of Law

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PETER SMITH

CHIEF FINANCIAL OFFICER

Peter is an experienced CFO with over 15 years of experience at industry leading global Fintech companies that have executed successful acquisitive growth strategies.


Peter Smith is our Chief Financial Officer and in 2020 Mr. Smith was Chief Financial Officer of Paysafe Group, a UK based global payments company.   Prior to Paysafe Mr. Smith was Chief Financial Officer of Evertec Inc, (NYSE: EVTC), a US public company delivering payments and financial technology solutions to Puerto Rico and Latin America.   Before taking his position at Evertec, Mr. Smith was Chief Accounting Officer and Corporate Senior Vice President of Fidelity National Information Services, Inc. (NYSE: FIS) and prior to this role he served as Senior Vice President and Segment Controller Payments, where Mr. Smith helped lead the successful integration of Metavante Technologies.  Prior to FIS Mr. Smith served as Segment Chief Financial Officer of the Payments Solutions Group of Metavante Technologies, Inc. (NYSE: MV) and prior to this role, he held finance roles of increasing responsibility at Metavante Corporation. Prior to joining Metavante, Mr. Smith spent seven years in Silicon Valley and served as the worldwide sales controller of Openwave Systems Inc. (Nasdaq: OPWV) and before this role, he worked for PricewaterhouseCoopers LLP in its San Jose, CA office.

Mr. Smith received a Bachelor’s Degree in Economics from the University of Pennsylvania and a Master’s Degree in Taxation from San Jose State University. He is a Certified Public Accountant.

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M. FRAZ AHMED

SENIOR VICE PRESIDENT OF CORPORATE DEVELOPMENT

Fraz is an experienced M&A executive with prior roles at leading investment banking, private equity, and FinTech organizations.

Fraz Ahmed is our Senior Vice President of Corporate Development. From 2015 to 2020, Mr. Ahmed was at Cardtronics plc (Nasdaq: CATM), a financial technology company, where most recently as the Vice President, Business Development and Product Management he led and managed business development and innovative product initiatives and prior to that he was a Director, Corporate Development, where he led and managed global strategy and acquisitions. Previously, Mr. Ahmed spent three years as a private equity investor at Equifin Capital Partners focused on the financial services and financial technology sectors. Mr. Ahmed started his M&A career at Lazard Frères & Co and finance career at GE Capital.

Mr. Ahmed received a Bachelor of Science in Electrical Engineering and Economics from Northwestern University and a Master of Business Administration degree in Finance and Management from The Wharton School at the University of Pennsylvania.

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