Previously

VP Product & Engineering, Nested.com,
Chief Product Officer, Worldpay

Company

Global Processing Services (GPS) provides the next-gen payment technology behind many of today’s most high-profile fintech innovators and disruptors such as Revolut, Starling Bank, Stocard and Skrill.

GPS is certified by Mastercard and Visa to process and manage any credit, debit or pre-paid card transaction globally. The GPS Apex platform offers easy integration with Issuers, Programme Managers, card manufacturers and many other service providers.

GPS has integrated with over 40 issuing banks globally and operates programmes for 100+ clients in 60 countries using over 150 currencies, enabling its clients to innovate and deliver exciting new value propositions for end users around the world. With over 150 staff in 7 offices globally they plan to advance this international profile aggressively as support extends to payment companies globally and expands into new territories.

Search Background

GPS first engaged with Erevena around multiple key hires at C-Suite level and held detailed discussions to agree upon the sequencing and search strategy behind each. We agreed that the business case for the Chief Product Officer search was the highest priority and began our engagement on this search.

GPS were looking for a Chief Product Officer who could take responsibility for full-stack product roadmap and execution. The founding team had been the custodians of product vision and the business had grown significantly since this was established and recently taken growth capital investment from Dunedin (Private Equity), but the Product function was still relatively nascent. The incoming CPO would assume responsibility for building scalable product methodology into the business, as well as rapidly prioritising a set of products which would help the business achieve its ambitious international expansion targets. It was crucial this was executed against with the Dunedin investment thesis and timeline in mind.

Requirements

GPS were looking for a best in class Product leader in Payments, who could help bridge the gap between commercial and technology which was left by the Founders transitioning out of the business. The incoming CPO needed a strong balance of technical depth, as the core product focus was around GPS’ issuer processing platform, with the commercial acumen to prioritize product opportunities in international markets. It was important that the CPO had previously worked in a growth environment similar to the rate of expansion at GPS, as the prioritization of the roadmap at this phase of growth would play a key role in achieving revenue targets.

Result

Shaun Puckrin was placed from Nested (Series C, Balderton/Northzone). He joined Nested to run Product & Engineering, after a successful 6-year period in at Worldpay, as Product Director for their mPos Product, before progressing to lead Product for the UK business through their IPO. He has 20 years’ experience in payments, mobile and fintech, and has managed engineering teams throughout several of his product leadership roles, giving him a strong blend of the required technical and commercial skills.

Joanne Dewar

Chief Executive Officer, Global Processing Services

We first engaged with Erevena around multiple key hires which needed to be made at C-Suite level and following several discussions we were impressed by the depth of understanding they brought whilst we were scoping the roles, and we felt confident in our decision to begin the CPO role first.

We were delighted with Erevena’s ability to execute against the brief. We were looking for a best-in-class Product leader in Payments and met a strong shortlist of candidates. In Shaun Puckrin they found us an exceptional Product leader who brings a deep understanding of Payments, and has both Engineering/Technical depth, as well as the strategic aspects we were looking for.

We worked with Erevena on two additional key hires at C-Suite and continued to have an extremely positive experience. We would not hesitate to recommend Erevena as an Executive Search Partner and were delighted with the relationship.

Our experts

Grant Hayward, Partner

Specialisms: Product, B2B SaaS, Bottom Up SaaS, FinTech

Patrick Anderson, Partner

Specialisms: FinTech, General Management, Product, Commercial

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