The Rye Group, LLC

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Earlier, Mike had been active in the Money Transfer space for over 25 years, serving as President of Western Union’s Global Business Development division and as a member of the Executive Committee. With revenues of nearly $1 billion annually and a staff of over 1000, Mike led the profitable growth of the Commercial Bill Payment unit, the Transportation, Stored Value, and Prepaid products areas, as well as having responsibility for mergers and acquisitions. Earlier at Western Union, Mike held the position of President, Western Union N.A., with P&L responsibility for the Domestic Money Transfer business and the Commercial Money Transfer business. During this time, he built a high-performance 300 person sales-driven agent development team, launched WU.com, Direct Connect Agents and Kiosk Agents to expand alternative distribution channels, and increased growth of the Domestic and Commercial businesses to double digit growth rates.

Philippe combines general management and business development experience with classic marketing training having started his career in brand management at Procter & Gamble . He gained considerable experience in the payments, money transfer and prepaid card industries; first, at Western Union as Director Business Development where he managed the money order business and launched several new services; then at MoneyGram as VP Business Development, and SVP Marketing responsible for the strategic direction of the company’s core U.S. and Mexico services. Following MoneyGram’s sale to Viad Corp., he was named President - Consorcio Oriental, a retail operation focusing on the US-based Dominican community through 18 company-owned sites, 125 sub-agent locations. His direct experience in the prepaid card industry (open and closed loop, GPR and payroll) ranges from launching MoneyGram's prepaid phone card to program management as President at Payoneer, an international payments provider to the online industry.

While nearly all of our projects are highly confidential, we provide below a short list of representative projects as a sampling of our diverse experience.

Providing strategic advisory services to a European-based electronic payments company exploring the adjacent global money transfer space. Initial efforts involve a thorough briefing on the category, areas of forward growth and competitive profiling.key areas: global money transfer, electronic payments (ePayments), and international business development, financial services innovation and marketing. We partner with senior level, deeply experienced experts both in US and abroad to bring our clients world-class talent. From strategy development to execution, our team has proven highly adept at building successful money transfer, ePayments, Prepaid and other financial services businesses, creating profitable results.

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