Fintech News

OFX Appoints Former Visa Executive to US and Canadian Board of Directors

OFX Appoints Former Visa Executive to US and Canadian Board of Directors

OFX Group Limited, one of the world’s leading international payments providers, appointed Leonard Shen as Director of its US and Canadian Boards, subject to state regulatory approval.

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“Strong compliance programs are an increasingly important asset in the payments space, which is why we are thrilled to add someone of Leonard’s caliber and experience on our board,” said Alfred Nader, President of North America, OFX. “Over the last fiscal year, we’ve seen over 20 percent growth in our North American business, and plan to continue that momentum. Leonard brings a unique and valuable new lens to our board that will help us sustain our upward trajectory as we invest in additional anti-fraud and compliance measures.”

A graduate of Harvard College and Harvard Law School, Shen joins OFX with more than 35 years of legal and compliance experience. Shen began his career as a trial attorney and criminal prosecutor at the U.S. Department of Justice, served in private practice at the Washington, D.C. law firm Perkins Coie, was Deputy Director of the U.S. Environmental Protection Agency’s Superfund Enforcement Division, and was Chief Counsel of the U.S. Senate Subcommittee on Hazardous and Solid Waste Remediation. He previously held roles including Global Chief Compliance and Ethics Officer for American Express, Paypal, General Electric’s Commercial Finance business, and most recently Chief Compliance Officer of Visa, Inc.

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“OFX has consistently demonstrated rapid growth and exceptional service since its expansion into the North American market,” said Leonard Shen, Director of US and Canadian Boards, OFX. “I’m honored and excited to work with some of the brightest minds in the international payments space and support OFX as it continues to deliver industry-leading solutions.”

Shen is an esteemed legal and compliance professional, previously being named as one of the top Corporate Compliance Officers in the US by Forbes/Ethisphere Magazine in 2009, 2010, and 2016 whose program was twice recognized as “Best Compliance and Ethics Program (Large Cap companies)” by Corporate Secretary in 2017 and 2018. He served on the Board of Advisors of the Society for Corporate Compliance & Ethics from 2006 to 2008 and was Chairman of the Board of the San Francisco Bay Area Ethics and Compliance Association from 2013 to 2017.

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