CLOWD9, the world’s first B Corp certified, cloud-native, decentralized issuer processor, today announced the appointment of Patrick Butler as its new Head of Risk and Governance.
This strategic hire underscores CLOWD9’s commitment to ensuring the highest level of governance and a continuing commitment to its values for operating its global payments infrastructure.
Patrick Butler brings over two decades of expertise in banking operations, risk and culture management within regulated industries. He has held senior roles at HSBC, Bank of America Merrill Lynch, and Barclays in customer facing, operations and compliance roles. As the founder of Calitor; a consultancy focused on aligning purpose-driven strategy with regulatory environment, Patrick has advised global institutions such as Barclays, NatWest, Natixis and Total Energies to implement cutting edge strategy frameworks that create lasting value from innovative risk management, while pioneering data-driven approaches to enhance operational resilience and ethical decision-making.
In his new role, Patrick will lead CLOWD9’s risk strategy, governance framework and sustainability initiatives, ensuring alignment with the company’s B Corp values of transparency, accountability, and environmental stewardship. He will also bring a rigorous, outcome-driven approach to the Executive Team across the activities of the company, to support its core values of being Trusted, Transparent, Trailblazing and Collaborative.
Suresh Vaghjiani, CEO of CLOWD9, remarked: “Patrick’s deep expertise in risk management and ethical governance is pivotal as we scale our platform globally. As an issuer processor we operate at the highest levels of data security and resilience providing fi nancial technology to regulated entities and it is paramount that we manage risk and governance as if we too are regulated. CLOWD9 will continue to set industry benchmarks for technology and social responsibility.”
Patrick Butler added: “Joining CLOWD9 at this transformative stage is a tremendous opportunity. The company’s global cloud-native model not only disrupts legacy systems but does so with a commitment to environmental and social impact. I look forward to bringing a similarly innovative approach to risk and operational management that supports our clients’ own success while upholding the highest standards of governance, embedding sustainability in the business model and driving lasting value creation."