Board of Directors

Stuart C. Harvey Jr.

Non-Executive Chairman

As President and COO of Piper Jaffray, Stuart led operations of the firm’s global investment banking, equity, public finance, fixed income and asset management businesses. Stuart re-joined Piper Jaffray in 2015, having previously served as Managing Director of the firm’s investment banking group from 1993 to 2003. In the years between his time at Piper Jaffray, Stuart built and led considerable transformation, value creation and liquidity events across multiple industries.

Stuart was the most senior business strategist and ultimately, CEO of Elavon Global Acquiring Solutions, Inc., a global payments processor and subsidiary of U.S Bancorp, where he led considerable transformation across the business and directed the company’s international expansion which culminated in its nomination as a Top 5 Global Payments Processor by the Nielsen Report.

Stuart held the role of Chairman, Chief Executive Officer and President of Ceridian Corporation, a provider of human capital management and services. During his tenure at Ceridian, he spear-headed major transformation across the company, including the development of advanced SaaS-based service offerings that heightened operational and sales efficiency resulting in noteworthy improvements to the company’s financial performance and growth.

Specifically, in 2012, he directed Ceridian’s acquisition and integration of Dayforce Corporation, a workforce management company, and led Ceridian subsidiary, Comdata, which managed fleet and corporate card payment services. He went on to successfully secure the operational split and sale of Comdata in 2014 for US $3.45 billion dollars.

Stuart holds a bachelors’ degree from St. John’s University, a Juris doctorate from the George Washington University School of Law and a Master of Business Administration from the Kellogg School of Management at Northwestern University. He also serves on the Board of Directors of Trustwave Holdings, Inc. and the Board of Trustees of Saint John’s University.

Joel Leonoff

Vice Chairman

Joel Leonoff serves as Vice Chairman of the Board of Directors.  Before that, he was President and CEO of Paysafe Group, a company which he originally founded in 1997.

Joel is an entrepreneurial leader and a visionary with a proven track record of managing high-growth technology companies, having served as CEO, COO and CFO of privately and publicly traded companies for nearly twenty years. In 1997, Joel founded SureFire Commerce Inc., which merged with the Optimal Group in 2003 to form Optimal Payments.

In 2011, Optimal Payments merged with Neovia Inc. (NETELLER) and the company later completed the acquisition of the Skrill Group in August 2015 to form the Paysafe Group, which was a highly successful FTSE 250 Public Company prior to being purchased by CVC and Blackstone in late 2017.

Joel has previously created the e-commerce powerhouse BCE Emergis through the merger of Mpact Immedia Ltd with Bell Canada Enterprises in the late 1990's.

Joel also served as Group Operations Director and COO of Partygaming Plc, a FTSE listed company. Joel is a Chartered Accountant with a Bachelor of Commerce Degree (James McGill Award) and has a Graduate Diploma in Public Accountancy (C.D. Mellor Award) from McGill University.

Philip McHugh

Executive Director and Chief Executive Officer

Philip McHugh joined Paysafe in June 2019 as its CEO.

With extensive experience of the global banking and payments industries, Philip has an executive leadership career spanning more than 20 years.  Before Paysafe, he worked for TSYS, a global payments provider, where he was responsible for heading up their merchant solutions division.  During his time at TSYS, McHugh played an instrumental role in growing TSYS’ overall revenues and profits by over 30%.  His specific achievements included the acquisition and full integration of two businesses – Cayan and iMobile3; and the creation of a more dynamic, results-driven product delivery and technology culture, including the upgrade of TSYS’ integrated platforms and the market launch of its Vital smart POS product lines.  

Prior to TSYS, McHugh spent over ten years working for Barclays in London where he held several senior roles, including Global CFO of Barclaycard and CEO of Barclaycard Business Solutions.  During his time with Barclaycard, he was part of the leadership team that more than doubled the size of the business over a five-year period through the implementation of various growth initiatives.  These included the rapid expansion of the US business, and the transformation of the UK payments businesses through new platform investments and the introduction of virtual credit card and contactless solutions, ultimately helping Barclaycard to regain its position as the number one card issuer in the UK.

Before Barclays, McHugh spent ten years with Citi (formerly Citigroup) working in both Latin America and the U.S.  His accomplishments while at Citi included leading multiple card portfolios in Brazil (Diners, Platinum, AAdvantage), running the company’s data analytics and successfully leading the finance function for Citi’s International Personal Banking division.

McHugh has a Bachelor of Arts degree from Emory University in Atlanta, Georgia, and an MBA from the University of South Carolina.

Martin Brand

Non-Executive Director

Martin Brand is a Senior Managing Director in the Private Equity Group at Blackstone where he leads Blackstone’s private equity investments in financial institutions and co-leads private equity investments in technology. In addition, he is a member of the Investment Committee of Blackstone’s Tactical Opportunities funds.

Since joining Blackstone in 2003, Martin has been involved in the execution of the firm's investments in Optiv, JDA, Viva, NCR, First Eagle Investment Management, Kronos, Ipreo, Knight Capital Group, Lendmark, Exeter Finance, BankUnited, PBF Energy, Performance Food Group, Travelport, New Skies, Cine UK, NHP, Kabel BW, Kabelnetz NRW, Primacom, and Sulo.

Before joining Blackstone, Martin worked as a derivatives trader with Goldman Sachs in New York and Tokyo, and with McKinsey & Company in London.

Martin received a BA/MA in Mathematics and Computation, First Class Honors, from Oxford University and an MBA from the Harvard Business School. He is a director of Kronos, Ipreo, Exeter Finance, Stearns, First Eagle Investment Management, and Lendmark. Martin serves on the Board of Directors of the Park Avenue Armory and the Watermill Center. He is a Trustee of the American Academy Berlin.

Peter Christodoulo

Non-Executive Director

Peter Christodoulo is a Partner with Francisco Partners and focuses on investments in the application software and financial technology sectors.

Prior to joining Francisco Partners in 2008, Peter was an Associate with Thomas H. Lee Partners in Boston.  Earlier in his career Peter was an Analyst in the Technology Investment Banking Group of Credit Suisse Securities in New York and involved in several start-up companies.

As well as serving on the Paysafe Board of Directors, Peter also serves as a director on the boards of 2Checkout, Allston Trading, Betterment, Dynamo, NMI and is also involved in FP’s investments in Capsilon and Prosper Marketplace.  He previously served on the boards of eFront, City Index, PayLease, Paymetric and SmartFocus.

Walt Macnee

Non-Executive Director

Walt Macnee is vice chairman, Mastercard Worldwide. Much of his work in this role has focussed on financial inclusion for the billions of people around the world without access to basic financial services. Macnee founded the Mastercard Center for Inclusive Growth and is a director of the Mastercard Impact Fund.

Previously, Macnee was president of Mastercard’s International Markets with responsibility for building all aspects of Mastercard’s issuance and acceptance businesses in over 200 countries. Before that, he was president of the Americas Region and served as president of Mastercard Canada from 2001 to 2004. 

Macnee has also served as executive vice president of Cards and Collections at the Canadian Imperial Bank of Commerce.  In that position, he was responsible for overall management of the bank’s credit card business and national collections.

Before that he spent 18 years with Toronto Dominion Bank, as a corporate and investment banker in New York and Houston, and as a retail banker based in Toronto. In his last position as senior vice president, he ran the VISA business and personal lending.

He earned his undergraduate degrees at Queen’s University and has a Master's in Business Administration (MBA) from York University.  He currently serves as the Chair of Convergence Finance; Chair of the Queen’s University Centre for Social Impact; Chair of Antibe Therapeutics; and Chair of the digital platform “Yroo.”

Eli Nagler

Non-Executive Director

Eli Nagler is a Managing Director in the Private Equity Group at Blackstone, where he focuses on investments in the financial services and technology sectors. Since initially joining Blackstone in 2007, Eli has been involved in the execution of the firm’s investments in over ten separate transactions, including Alight Solutions, BankUnited, Bayview Asset Management, Lendmark Financial Services, Paysafe, and Vivint.

He also serves as a Director of Lendmark Financial Services. Before rejoining Blackstone after the completion of an MBA, Eli worked at the United States Treasury Department in the Office of Capital Markets.

Eli received an AB magna cum laude from Harvard College and an MBA with distinction from Harvard Business School, where he graduated as a John L. Loeb Fellow. He is also a Term Member of the Council on Foreign Relations.

Peter Rutland

Non-Executive Director

Peter is a Partner at CVC, he joined in 2007. Peter is Co-Head of CVC's Financial Services Group. He is based in London.

Prior to joining CVC, he worked for Advent International since 2002. Prior to working at Advent, Peter worked for Goldman Sachs in the Investment Banking Division. Peter holds an MA Degree from the University of Cambridge and an MBA from INSEAD.

Matthew Bryant

Non-Executive Director

Matthew is a Managing Director at CVC, based in London. He joined CVC in 2019 and is a member of the financial services group.

Prior to joining CVC, he worked at Bain Capital in London. Matthew holds a master's degree in physics from the University of Oxford.