PayPal taps Libby Roy to lead Australian team

PayPal Australia has passed the managing director baton to an outsider by announcing former AMP corporate super director Libby Roy has taken the reins from Jeff Clementz who is returning to the US.

The changing of the guard comes at an important time for financial services and payments companies, which are awaiting the federal government’s response to the sweeping financial system inquiry.

Ms Roy, joined as a vice-president and head of Australia, and will also serve as an executive committee member in the PayPal Asia-Pacific leadership team, the company said in a statement. Mr Clementz will take up the new role of vice-president of compliance and operational excellence in global operations.