Business
Newtek Business Services Corp.’s Portfolio Company Hires David Simon as Chief Operating Officer of Newtek Merchant Solutions
BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company
About this update from Newtekone, Inc.
[{"type":"text","content":"BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that David Simon has joined Newtek Merchant Solutions (“NMS”), one of Newtek’s payment processing portfolio companies, as Chief Operating Officer. Mr. Simon will also join Newtek Business Services Corp. in the role as advisor to Newtek’s CEO. Mr. Simon comes to NMS with over 25 years’ experience in financial services and banking, with an extensive background in electronic payments, banking, and credit, debit and prepaid cards across consumer, small businesses and corporate finance sectors. Most recently, Mr. Simon was Senior Vice President, Global Head of Small Business and Medium Enterprises (SME) at Visa, Inc, where he was the global business leader for Visa’s small business credit and debit payment products and services. Prior to Visa, Mr. Simon was the founder and CEO of a prepaid card program manager and disbursements company, TriStar Payments, that facilitated billions of dollars in payments for corporate clients via prepaid cards and electronic funds transfers. Concurrently, Mr. Simon served as the Head of Prepaid and Credit Cards, and was Senior Advisor for Payment Solutions for One West Bank (now CIT Bank). He also spent 13 years at Citigroup in a variety of leadership roles, including Executive Vice President, Customer Engagement, Cross Sell, and Channel Management, and was a Member of Citigroup’s Management Committee. Earlier in his career, he was Executive Vice President, Office of the Chairman and Citi Analytics at CitiCards, NA and ran CitiCards’ small business organization, managed Internet business development globally, and served as Electronic Commerce Counsel. Mr. Simon began his professional career as Counsel to the Board of Governors of the Federal Reserve System, where he concentrated on bank mergers, acquisitions, and electronic commerce matters. Mr. Simon holds a Bachelor of Arts Degree from the University of Michigan, and a Juris Doctor Degree magna cum laude from Boston University School of Law. Barry Sloane, President, Chairman and CEO commented, “We are thrilled to announce that David Simon has been successfully recruited and is joining Newtek Merchant Solutions as our Chief Operating Officer as well as a direct advisor to my of...