Moneybookers hires former JP Morgan official to advance P2P business

Moneybookers has announced the appointment of Felix Leuschner to the post of Director Global Money Transfer where he will be responsible for advancing the growth of its peer-to-peer (P2P) money transfer business. While over half of Moneybookers' five million account holders already use its payment system for email-based remittances, the company is looking to aggressively expand growth in the volume of annual transactions.

"We are very happy to have found Felix Leuschner to expand our increasingly important peer-to-peer business. With the steer of Leuschner, Moneybookers will benefit from his invaluable experiences in e-commerce and investment banking. Leuschner's function will be to expand our secure money transfer business with the long term goal of reaching market leadership," says 
Martin Ott, Co-CEO of Moneybookers.

"The area of money transfers is one of the most attractive sectors in a continuously growing ecommerce sector .The global remittance market alone has an annual volume of USD 350 billion so I'm very much looking forward to making the P2P business the second foothold of Moneybookers - a company that has rapidly established itself as one of the leaders in online payments," said Felix Leuschner.

Previously Felix Leuschner worked in the financial sector at JP Morgan and Credit Suisse First Boston (CSFB) in London. Also he was the founder and Co-CEO of a successful virtual goods marketplace for online gaming, which he successfully divested only twelve months after setting up. 

Newly-appointed Director Global Money Transfer has got his business degree from Beisheim School of Management in Vallendar, Germany, and also at Harvard, Copenhagen Business School and UCL in Brussels. 

Source: Moneybookers via PR Newswire