Xace appoints Reuben Abela as CEO of European division

Sudhanshu Ranjan September 20, 2024

Xace has announced the appointment of Reuben Abela (pictured above) as the new CEO of its European division. This move is seen as a pivotal step in Xace’s broader global expansion strategy, with a focus on extending its reach across Europe. Abela’s deep expertise in both iGaming and banking makes him the ideal candidate to lead Xace in its next phase of growth.

About Xace

Xace is a leading fintech company that specialises in providing payment solutions tailored to the iGaming industry. Xace has rapidly gained recognition for its ability to address the unique financial challenges faced by gaming operators. By offering fast, secure, and efficient payment services, Xace has established itself as a key player in the iGaming sector.

Reuben Abela brings over 15 years of experience in financial management, with a particular focus on operations in the banking and iGaming industries. Before joining Xace, Abela served as the Chief Operating Officer (COO) at Lidion Bank, where he was instrumental in driving the company’s operational growth and revenue. Xace’s decision to appoint Reuben Abela as the CEO of its European division stems from his robust background in both financial services and iGaming.

David Hodkinson, Group CEO of Xace, expressed his excitement about Abela’s appointment, calling it a key step in the company’s strategy to grow globally.

Hodkinson stated, “I am delighted Reuben is joining Xace, bringing his extensive knowledge and experience. His appointment is a key part of our strategy to grow our presence globally and enhance the services we provide to our clients.”

As CEO of Xace’s European Division, Reuben Abela has a clear vision for the company’s future. His primary goal is to drive growth by expanding Xace’s service offerings and reaching more clients across Europe.

Abela added, “I am honoured to join Xace. I’ve been following the company’s impressive growth journey with genuine admiration, and I am grateful to be given the opportunity to be part of its team. I look forward to building on the firm’s strong foundation and driving its expansion, delivering innovative banking solutions to an ever-growing client base.”

Xace’s growth prospects

One of Xace’s significant recent achievements is securing a licence from the Malta Financial Services Authority (MFSA). This licence allows Xace to provide its payment services to iGaming companies across European markets.

With Abela’s leadership, Xace is well-positioned to capitalise on the growing demand for fintech solutions in the iGaming sector. The company’s innovative approach to payments, coupled with its commitment to compliance, sets it apart from competitors.

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