TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service, today announced the appointment of Gary Conroy as its new Chief Executive Officer. He succeeds Sinéad Fitzmaurice, who will step down from her role as CEO this Summer, while remaining involved with the business.
Sinéad has served as CEO since 2019, leading the company through a period of significant growth and expansion. Reflecting on her tenure, she stated, “It has been an incredible six years leading the team at TransferMate. I’d like to thank Terry for entrusting me with his business - his guidance and support have been invaluable. I’m proud to have played a role in advancing TransferMate and as I transition into my new role, I do so with full confidence that Gary is the right leader to guide the company into its next phase.”
Sinéad and TransferMate’s Founder Terry Clune’s relationship spans over two decades, beginning with her role as CFO at Taxback before moving to TransferMate as CFO and later succeeding Clune as CEO.
“I want to thank Sinéad for her outstanding leadership and the success she has brought to TransferMate,” said Clune. “While there is sadness in seeing her step down, I’m very happy and proud of what we have achieved together. Not only has Sinéad been an outstanding CEO, but she has also been a trusted adviser and business partner to me. I’m delighted that she will continue supporting TransferMate and wish her continued success.”
Commenting on Gary Conroy’s appointment, Clune added, “I look forward to working closely with Gary in this next phase of TransferMate’s journey and wish him every success as CEO.”
Gary Conroy brings extensive industry experience to the CEO role, having been with TransferMate since 2017. As Chief Product Officer, he has spearheaded award-winning technological advancements and played a key role in expanding the company into new verticals and geographies. Prior to joining TransferMate, Gary spent 12 years at Realex Payments, as Managing Director, where he led the post-acquisition integration into the wider Global Payments organisation. Prior to that, Gary held key roles with Goldman Sachs, Finastra, and Vordel.
“I am honoured to take on the role of CEO at TransferMate,” said Conroy. “The company has been built by an outstanding team and witnessing its continued growth over the last eight years has been really exciting. I want to thank Terry for trusting me with his vision and Sinéad for her leadership. I look forward to working alongside Terry and our talented team to drive innovation, accelerate growth, and continue to drive success together.”
