Convera has announced four senior leadership appointments as it pushes to consolidate its cross-border payments, FX risk management and multi-currency capabilities into a single integrated platform. Mike Cahill joins as EVP and Chief Operating Officer, Jon Southall as SVP and Chief Technology Officer, Tui Allen as SVP and Chief Product Officer, and Chris Steinig as Chief Information Officer.
The four hires collectively oversee Convera’s combined product, technology and operations organisation, a structural alignment that signals the company is moving from a functionally siloed model toward a more unified delivery capability. Cahill, who had been serving as Interim Chief Product and Technology Officer since joining in June 2026, now takes permanent operational responsibility across all three functions.
The appointments in detail
Southall arrives from PayPal, where he managed the Large Enterprise Platform handling more than $1.5 trillion in annual transaction volume. His background at Boku and Braintree adds further high-volume infrastructure experience. Allen comes from Ticketmaster/Live Nation and Shopify, bringing product design and adoption experience that is less typical for a B2B payments firm but relevant as Convera courts fintechs and business platforms seeking embedded FX and payments capabilities. Steinig is an internal promotion: a 25-year Convera veteran who will focus on platform modernisation and operational resilience.
Group chief executive Patrick Gauthier framed the hires around a problem the company believes remains structurally unsolved in commercial cross-border payments. “Businesses don’t just need faster or less expensive cross-border payments. They need to know where their money is, what it is worth and how to protect it as it moves,” he said.
Cahill added that the team’s near-term priority is disciplined execution rather than product invention. “Our focus is disciplined execution: translating customer needs into products, modernising the technology that supports them and delivering consistently in every market we serve,” he said.
Market context
Convera operates in a segment that has attracted significant capital and consolidation pressure over the past several years. The company processes close to $200 billion in annual payment flows across more than 140 currencies and 200 countries and territories, a regulatory and network footprint that few pure-play fintechs have matched. Its principal competitors in the enterprise and mid-market cross-border space include specialist firms such as Corpay and Western Union Business Solutions, as well as bank treasury services and a growing tier of API-first challengers including Airwallex, Wise Business and Nium.
The strategic direction Convera has outlined, combining payment execution with embedded FX hedging and multi-currency account holding at the point of transaction, reflects a broader industry shift. As businesses demand treasury-adjacent functionality from their payments providers rather than maintaining separate banking, FX and treasury relationships, the ability to offer an integrated ledger becomes a structural differentiator rather than a feature.
The appointment of a CPO with consumer-grade product experience is notable in that context. B2B cross-border payments have historically prioritised reliability and compliance over user experience; the combination of Allen’s background with Southall’s infrastructure depth suggests Convera is targeting both dimensions simultaneously.
The next indicators to watch will be product releases against the Multi-Currency Account and API roadmap Convera has previously signalled, and whether the new leadership team accelerates any commercial partnership announcements with banks or embedded-finance platforms in the near term.
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