Paysafe Group, a global payments provider, has named Richard Swales as chief risk officer, effective Oct. 14. Swales will be based in the company’s Dublin office in Ireland, which opened earlier this year.
Swales, who will report to Paysafe CEO Philip McHugh, will assume overall responsibility for the group’s global risk strategy, comprising its enterprise, merchant, and consumer risk functions.
Swales is a seasoned leader who brings over 30 years of risk-industry experience to the role. He joins Paysafe from PayPal, where he spent the last nine years in various roles, leading its global risk, compliance, and governance strategy. During this time, he served on a number of boards of PayPal-regulated entities and was instrumental in supporting significant growth for PayPal’s business.
Swales started his career working in the public sector as an officer for the U.K.’s HM Customs & Excise before moving on to leadership roles in high-profile banking, commercial finance, insurance, telecoms and payments organisations based in Europe, Asia, and the United States.