Mr. Keith McKenzie reports
SELECTCORE APPOINTS FORMER GREEN DOT EXECUTIVE AS SENIOR ADVISOR
Selectcore Ltd. has appointed Bryan Kenyon as senior adviser to the company.
Mr. Kenyon was an early-stage executive and served as the director of financial planning and analysis for Green Dot Corp. (GDOT), a Sequoia Capital-backed venture. Prior to his tenure at Green Dot, Mr. Kenyon held senior-level finance management and analyst positions at Fluor Corp. Mr. Kenyon is a partner in two investment funds and a private investor in several manufacturing, telecommunications and financial services companies. Mr. Kenyon serves as the current chairman of Trycera Corp., a U.S.-based, publicly traded financial services start-up catering to the financial management needs of underbanked consumers. Mr. Kenyon holds an MBA from the Graziadio School of Business and Management at Pepperdine University and a BA in business administration/finance from California State University at Fullerton.
Mr. Kenyon will assist Selectcore with strategic planning and the rollout of the company's launch of ReCash -- Canada's first retail cash reload network for network branded prepaid cards, similar to Green Dot and NetSpend in the U.S.
Mr. Kenyon will also provide guidance in the company's dealings with U.S.-based equity funds looking to invest globally in prepaid financial services companies such as Selectcore.
Mr. Kenyon commented: "I am excited to join Selectcore at a time when the company is poised to significantly expand its business into the prepaid financial services market. I see perfect timing with the confluence of the growing underbanked population in Canada and Selectcore's existing network of retailers hosting its point-of-sale technology on Verifone terminals. They are in a very unique position to accelerate the rollout of ReCash and leverage the Iridium brand."
Mr. Kenyon joins Selectcore just weeks after the company announced the launch of ReCash and its plans to roll out Iridium MasterCard nationwide. "These among other key initiatives including expansion plans for new emerging markets, are positioning Selectcore for growth in margins, earnings and shareholder value," said Keith McKenzie, chief executive officer of Selectcore.