GHL Systems appoints new chief executive officer

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Raj Lorenz

KUCHING: Asia Pacific’s leading end-to-end payment services enabler, GHL Systems Bhd (GHL Systems) has announced the appointment of Raj Lorenz as its new chief executive officer.

Raj entered the payment solutions industry in 2001 when he joined DBS Bank Ltd to create the first direct debit, online real-time payment gateway in Singapore.

In 2002, the business was sold to NETS Pte Ltd (NETS), a company owned by the Singapore Banks, which operates the national EFTPOS, Cashcard and ATM networks in Singapore.

Raj was the managing director of NETS’s Online Payment subsidiary, eNETS Pte Ltd’s (eNETS) and was instrumental in growing the business from inception to its present dominant position in Singapore, serving banks in Singapore and regionally.

Concurrent to this role, Raj also managed – until 2007 – the international markets business of NETS, a business group responsible for expanding NETS overseas through acquisitions, partnerships and alliances with overseas payment operators.

While in this role, NETS acquired a subsidiary in China as well as entered into agreements with China UnionPay and MEPS that would enable Malaysians and Chinese consumers to use their bank cards on NETS’s network.

Prior to NETS, Raj was employed for more than 12 years with Citibank Australia and Malaysia.

He covered several functions during his career with the bank, including as marketing head for a corporate banking business unit, financial controller and risk manager.

“It is indeed an honour to be working alongside Simon for a Company with world-class accolades,” Raj commented.

He added, “I look forward to bringing the company to greater heights during my tenure.”