Growth equity investor Summit Partners has made its second hire in a week by appointing Stewart Stockdale as an executive partner.
The firm said Stockdale will identify opportunities in the information and payment services sectors and assist in the value creation process post-investment.
Summit’s new executive partner most recently served as president, global consumer financial services for The Western Union Company.
He has also worked as president of Simon Brand Ventures and as chief marketing officer of Simon Property Group.
Earlier this week Summit hired oilfield products expert Mark Crews as an executive partner.
Summit managing director Christopher Dean said, “Stewart Stockdale brings an excellent track record with some of the world’s most admired global companies.
“We are very excited that Stewart is joining our team, and we look forward to working with him in building a leading platform that provides mission-critical information and payment services to the enterprise.
“We are actively looking for acquisitions and believe there are a number of compelling investment opportunities in this market.”
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