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He will also serve as chairman of the company’s Risk Committee and will be responsible for the prevention of money laundering and terrorist financing, risk management and control of legal compliance, according to the press release.
“I am very happy to be joining the fast and ambitious ConnectPay team, which has extremely ambitious goals. I have no doubt that my experience in the areas of risk management and internal control will be fully utilized. I will be very pleased to jointly develop banking products. innovators that will help Lithuanian and foreign users of financial services to receive high-level digitized services, ”says R. Masiulis.
R. Masiulis 2016–2019 headed the Ministry of Transport and also accumulates more than 13 years. Auditor experience at EY, a business consulting and auditing firm specialized in auditing financial institutions. Also, R. Masiulis has 10 m. experience in boards of directors of companies in strictly regulated sectors. Among them are AB LEO LT, UAB Baltpool, UAB Litgas, AB Klaipėdos Nafta, AB Vilniaus šilumos tinklai.
2018 ConnectPay, which started operations in 2006, is the second largest e-money institution in Lithuania in terms of the value of payments with services. 2019 The value of payments handled in the company amounted to 900 million. and in 2020 it was close to 5.5 billion. by year.
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