Future of Payments
January 22, 2025
Trust Payments, the disruptive leader in fintech specialising in frictionless commerce, announced today that the Trust board has appointed Laurence Booth as Trust Group chief executive officer with immediate effect.
Booth, who has been interim CEO since September 2024, will continue as a member of the Trust Payments board. Booth has been with Trust since 2021, initially as chief data officer and, more recently, as chief information officer. His career spans over 20 years in payments and financial services, mostly at American Express in card issuing, merchant acquiring and payment network roles.
Booth’s appointment has been made following a robust and competitive evaluation process carried out by the board with support from international search advisers.
Jakob Lindquist, chair of Trust Payments, said: “The board of trust payments is unanimous in its conclusion that Laurence is the right leader for Trust, and we are excited for the next chapter of growth in the Trust story. Laurence has deep and extensive knowledge of the paytech sector and a proven track record of success.”
Sir Mike Rake, independent senior non-executive director, added: “Laurence has demonstrated a consistent focus on shareholder value and has laid out a compelling roadmap for the future of the business. His sense of energy and values-driven approach is the right one for Trust going forward”.
Booth said, “I am honoured and humbled to be leading Trust Payments and thank the board for their confidence in this fantastic company. Our core Converged Commerce® strategy, to serve UK and European businesses with accessible payment solutions complemented by cutting-edge retail capabilities, is not changing. Our partners, products, platform and people represent a world-class set of assets to propel the company to its next phase of growth. I will be very focused on working with the Trust team to deliver a step up in business performance, as we serve the thousands of merchants in the UK and Europe who use our products every day.”
Trust Payments has had its most successful period lately, celebrating its 5th anniversary and hitting the milestone of £1 billion consecutively in processing volumes in the last few months.
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