Transaction Services Group (TSG), a leading global payment solutions provider, has announced the resignation of Craig Marshall as Chief Executive (CEO). Tom Bell has been appointed TSG CEO.

The resignation and appointment take effect early September.

Murray Bolton, TSG Chairman, says the move comes at a period of strong growth for the business.

“It is with regret that Craig Marshall is stepping down as CEO of TSG to pursue personal interests. On the positive side, he will continue as a Director of TSG so we will still have the benefit of his wise counsel to support our growing global aspirations.”

Under Marshall’s leadership, TSG has evolved from an Australasian based payment processor to the global leader in its field with operations expanded into the United Kingdom, Continental Europe, the United States and Asia.

Bolton says newly appointed CEO Bell has impressive experience and achievements in the financial services industry.

“Tom is an experienced and accomplished leader, with a track record of working with high-growth software companies in the payment ecosystem. Together with his technical expertise and passion for customer service, he will help build on our current momentum and direction, and spearhead our strategy.”

Bell has held numerous leadership positions including CEO of Bank of America Merchant Services, Executive Vice President of First Data Corporation, and most recently CEO of Atlanta based Merchant e-Solutions.

TSG comprises Debitsuccess in Australia, New Zealand and the United States, PaySmart and QK Technologies in Australia, and DFC and Harlands Group in the United Kingdom, as well as leading gym software solutions from Clubware and Links Modular Solutions.

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