Monitise adds Ron Drake as VP, business development

Source: Monitise

Monitise plc ("Monitise"; LSE: MONI.L), the leading global provider of mobile banking and payment technology, is pleased to announce the appointment of Ron Drake as Vice President, Business Development.

Ron brings to Monitise over twenty years experience in the financial services industry. He will be responsible for the development of strategy within the Single Euro Payments Area (SEPA) and will lead Monitise's electronic payment provider relationships across the globe.

Having spent thirteen years as Managing Director of eFunds International, the global payments specialists, Ron has built a strong reputation in the electronic payments market, serving the major European retail banks and processors. Prior to joining eFunds he was also MD at both Cincom Systems Ltd and Platinum Financials.

Darren Sugden, Chief Commercial Officer, said "Ron brings with him a wealth of experience and strategic vision in payment innovation and we are delighted to welcome him on board. He joins the business at a time of high growth and his understanding of the payments market will be a great asset in Monitise's continued success".

Ron Drake said, "Having spent many years in the industry it is clear that mobile is well on the way to becoming a key channel for banking and payments and I'm extremely pleased to be joining the world leaders in this area. Monitise is excellently placed to deliver its proven service on a global scale and I look forward to working with the team to deliver on this potential.

Monitise's mobile services provide an unprecedented level of convenience and secure access to banking and payments that will meet the expectations of consumers as we move towards a cashless society."

This appointment is the latest addition to the group of high calibre executives that Monitise has attracted. The Executive is also supported by a distinguished Advisory Board, including figures such as John Hardy, former CEO of LINK Interchange Network Ltd; Andrew Harrison, CEO of Carphone Warehouse; Graeme Hutchinson, former Sales & Marketing Director of Virgin Mobile; and Christopher Rodrigues CBE, former President & CEO of Visa International.

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