Interac makes two executive hires to ‘accelerate’ growth

Ellie Duncan
26 Jan 2024

Canada-based Interac has made two hires to its executive team, with the appointment of Glenn Wolff as chief client officer and Ted Bowman as chief product officer, respectively.

Wolff and Bowman have been hired by Interac to support the company’s continued growth and transformation, with a focus on scaling its payment and verification product suite.

They succeed chief commercial officer William Keliehor, who will support the transition until 1 March this year.

Wolff joins Interac from ACI Worldwide where he was president, Canada and senior vice president head of commercial North America, banks and intermediaries.

“The fintech market has never been more competitive and the needs of consumers, business and governments are evolving quickly,” he said.

“I am looking forward to leveraging the trust Canadians have in the Interac brand to deliver products and services that meet those needs and drive true value.”

Bowman starts at Interac from Nets/Nexi, where he served first as its vice president of product, then as chief product officer for its future target platforms.

He said the value that Interac provides to the market goes beyond payments products and verification solutions.

“I am excited to have joined a company that is a key component in the Canadian ecosystem and look forward to driving growth and delivering innovative products to all Canadians,” Bowman added.

Jeremy Wilmot, president and chief executive officer of Interac, said: “At Interac, our goal is to connect Canadians to the digital economy in new and meaningful ways.

“Glenn and Ted both have proven track records in bringing innovative products to market, and I’m excited to welcome them both to Interac, where we will be able to accelerate our growth and deliver new solutions.”

Last year, Wealthsimple secured provisional approval to join the Interac e-transfer service as a participant, becoming the first securities dealer to do so.

In 2022, Canadians used the Interac e-transfer service to complete more than one billion transactions.