Xace, a pioneering player in the payment solutions sector, has made a significant leadership change by appointing Reuben Abela as the new CEO of its European Division. This strategic appointment is poised to enhance Xace’s global expansion plans, particularly in underserved markets across Europe.
A Vision for Growth
Reuben Abela, who previously served as the COO of Lidion Bank, brings over 15 years of experience in financial management and operations to his new role. His extensive background in both the iGaming and banking industries positions him as a compelling candidate to spearhead Xace’s ambitious growth initiatives.
David Hodkinson, the Group CEO of Xace, expressed his enthusiasm regarding Abela’s appointment. He stated, “I am delighted Reuben is joining Xace, bringing his extensive knowledge and experience. His appointment is a key part of our strategy to grow our presence globally and enhance the services we provide to our clients.” This statement underscores the company’s commitment to expanding its footprint in the competitive European market.
Abela’s Commitment to Innovation
Abela’s response to his new role highlights his admiration for Xace’s impressive growth trajectory. “I am honoured to join Xace,” he said. “I’ve been following the company’s impressive growth journey with genuine admiration, and I am grateful to be given the opportunity to be part of its team.” His eagerness to build on Xace’s strong foundation signifies a forward-thinking approach, aimed at delivering innovative banking solutions to an expanding client base.
Immediate Impact and Operational Focus
Abela has assumed his role immediately, operating from Xace’s headquarters in Malta. This strategic location is pivotal, especially since Xace recently secured its license from the Malta Financial Services Authority (MFSA). This license enables Xace to extend its services to iGaming companies across European markets, providing a significant boost to its operational capabilities.
The Importance of a Strong Leadership
The appointment of a seasoned professional like Reuben Abela reflects Xace’s understanding of the necessity for experienced leadership in driving growth and navigating the complexities of the financial services landscape. His dual expertise in iGaming and banking allows him to bring a unique perspective to the challenges and opportunities within these sectors.
Xace’s Growth Strategy
Xace’s expansion strategy is centered around a commitment to underserved markets in Europe, where demand for efficient payment solutions is rapidly growing. By enhancing its presence in these regions, Xace aims to capture new opportunities and offer tailored solutions to meet the specific needs of various clients.
Reuben Abela’s appointment as CEO of Xace’s European Division marks a significant milestone in the company’s growth journey. With his extensive background and strategic vision, Abela is well-equipped to lead Xace towards a successful future, bolstering its efforts to deliver innovative banking solutions to a broader clientele.
This leadership transition not only reinforces Xace’s commitment to global expansion but also highlights the company’s strategic focus on leveraging its expertise to tap into emerging markets across Europe. As Xace continues to evolve, it stands poised to make a meaningful impact in the financial services industry.