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

SAN FRANCISCO, Oct. 15, 2020 /PRNewswire-PRWeb/ -- OFX Group Limited (ASX: OFX), one of the world's leading international payments providers, today appointed Leonard Shen as Director of its US and Canadian Boards, subject to state regulatory approval.

"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.

"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.

In addition to his newly-appointed role at OFX, Shen serves as a Board member of HomeFirst, Silicon Valley's largest provider of services and shelter to the homeless.

About OFX
OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was 20 years ago, and we're still driven by the same mission today.

We believe real help from real people counts, and that's why we offer our clients the best of both worlds - an easy to use digital platform, combined with 24/7 phone access to our currency experts.

Foreign exchange is in our DNA. We help clients navigate the complexity of FX, making it simple and easy to understand. Because when it comes to money, informed decisions are the best decisions.

Keeping our clients' money secure is a top priority. We're monitored by over 50 regulators globally. To date, we have helped over 1 million customers worldwide and have transferred over US$100 billion.

Our clients are all over the globe, so we are too. We operate in offices in London, Sydney, Auckland, Hong Kong, Singapore, Toronto, and San Francisco. It's global expertise, delivered locally.

The OFX Group Limited is a publicly listed entity on the Australian Securities Exchange ("ASX") under the code "OFX." CanadianForex Limited Trading as OFX. USForex Inc. dba OFX, a licensed money transmitter. NMLS #1021624.

For more information, visit OFX.com.