August 2, 2016 – Executive search firm Carmichael Fisher has been retained by PayPal to lead its search for a new chief risk officer for the company’s Hong Kong business. Carmichael Fisher principal, Jonathan Harper, who placed PayPal’s Australian chief risk officer is leading the search.
As PayPal’s Asian presence expands, the worldwide online payments concern is seeking a new chief risk officer to manage its burgeoning Hong Kong operations. The changing regulatory landscape means that global businesses like PayPal are under increasing pressure to better manage their regulatory and risk exposures. As a result, seasoned risk leadership is growing in demand.
This role at PayPal will be based out of the company’s Singapore head office and will have oversight of the local enterprise risk as well as being charged with leading the design of local processes to integrate, aggregate, analyze and report meaningful risk and exposure information to the company’s chief executive in Hong Kong, its board and the APAC risk committee.
“PayPal is a dynamic, innovative business that is tackling risk management issues very seriously,” said Mr. Harper. “The company understands that its continued growth throughout the Asia Pacific region requires a more robust risk management framework and it has therefore built and evolved a high caliber risk function that is ready to tackle the forever changing regulatory landscape.”
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PayPal is one of the world’s largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.
Mr. Harper has specialized in recruiting risk leadership for the last 13 years and his practice covers banking, financial services & professional services. He specializes in all facets of risk management, compliance, governance and internal audit. Mr. Harper has completed search mandates for chief risk officers, general managers in risk, and partners within risk assurance.
Established in 2001, Carmichael Fisher is an international executive search firm with over 100 consultants, researchers and support staff. The firm focuses on senior level recruitment with a particular focus on financial services, legal & professional services, life sciences, industry/m / manufacturing, transport & infrastructure, energy, real estate, media, and the retail & consumer sectors.
Carmichael Fisher’s offices are in London, Brussels, Stockholm, Hamburg, Lagos, Dubai, Singapore, Sydney and Melbourne.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media