SINGAPORE (June 22): Network for Electronic Transfers (NETS) announced Monday that it has appointed Lawrence Chan as its new group chief executive officer.
Chan comes with over two decades of payments experience, and a strong track record of growth acceleration and business transformation.
He was most recently vice president overseeing the regional client management at Visa for Asia Pacific. Prior to Visa, Chan held leadership positions at PayPal and American Express.
Chan was appointed after an extensive internal and external executive search initiated by the company's Board of Directors to identify and select a permanent CEO, says NETS in a statement.
“Lawrence’s deep and diversified experience and familiarity with the whole eco-system of the industry gives the Board great confidence that he is the right leader to further NETS’ growth strategy and deliver long-term value for our stakeholders,” says chairman Ching Wei Hong, on behalf of NETS’ board of directors.
“The COVID-19 crisis highlights the critical importance of the digital payments industry,” says Chan.
“NETS is well-positioned for the next stage of strategic growth and I am fortunate to join the team at this exciting time. I look forward to working with all of my NETS colleagues, our partners, and customers to help the company achieve its full potential of delivering truly innovative services and solutions to market,” he adds.
