Newtek Business Services Corp.’s Portfolio Company Hires David Simon (’92) as Chief Operating Officer of Newtek Merchant Solutions
BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that David Simon (’92) has joined Newtek Merchant Solutions (“NMS”), one of Newtek’s payment processing portfolio companies, as Chief Operating Officer. Mr. Simon will also join Newtek Business Services Corp. in the role as advisor to Newtek’s CEO.
Mr. Simon comes to NMS with over 25 years’ experience in financial services and banking, with an extensive background in electronic payments, banking, and credit, debit and prepaid cards across consumer, small businesses and corporate finance sectors.
Mr. Simon holds a Bachelor of Arts Degree from the University of Michigan, and a Juris Doctor Degree magna cum laude from Boston University School of Law.