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GHL Systems Berhad
(293040-D)
Annual report 2015
Raj Lorenz, 59, a Malaysian, joined GHL Systems
Berhad as the Group Chief Executive Officer on
8th September 2011 and later became a Board
member on 4th November 2011.
Since then, GHL has transformed itself from a
hardware and software reseller into a payment
services company. GHL’s market capitalisation
increased by more than fivefold during this time
through organic growth as well as the acquisition
of e-Pay Asia Limited (currently known as e-pay
Asia Pty. Ltd.), a payment services company
that primarily serves the Telco and bill collection
segments.
GHL is now implementing its long term growth
strategy of providing credit card payment
services to the hitherto untapped small merchant
segment. This business, called Transaction Payment
Acquisition (“TPA”), entails GHL contracting directly
with merchants for credit card payment services
in partnership with an underlying Bank member of
VISA and Mastercard.
KANAGARAJ LORENZ
Group Chief Executive Officer
Directors’
Profile
Prior to GHL, Raj worked for Citibank for 14 years
in Malaysia and Australia in various positions in
the Investment and Corporate Bank, covering
risk management, CFO, and Corporate Bank
Marketing Head. He left Citibank in 2000 to create
an internet payment startup which eventually
was purchased by NETS Pte Ltd, a large payments
company in Singapore and branded “eNETS”. Raj
was employed by NETS for 10 years during which
time he built “eNETS” into the leading online
payments company in Singapore. He also brought
NETS into China through a joint venture in Shanghai
and China Unionpay into Singapore through
interoperability arrangements between the two
parties. Raj is a fellow of the Institute of Chartered
Accountants in England and Wales having qualified
in London in 1983.