News from the Wire

CLARUS Merchant Services Appoints Jonathan Turner Chief Investment Officer

Tuesday, April 07, 2020 — 14:01:43 (EDT)

GAITHERSBURG, MD, April 6, 2020 – CLARUS Merchant Services, a leading payment service provider, today announced the appointment of Jonathan Turner as Chief Investment Officer. Turner will be based out of the company’s national headquarters in Gaithersburg, MD.

Turner joins CLARUS with over a decade of experience in the financial services industry, most recently serving as Financial Advisor at Ameriprise Financial Services, focused on wealth management and investment portfolio construction. In his new role, Turner will oversee fund and investor management functions. Turner will report to Randy Tillim, CEO of CLARUS Merchant Services.

"Jonathan’s vast network of investors expands our resources and capabilities which provides the financial support for CLARUS’ primary growth strategy of merchant service portfolio acquisition.” Tillim said in the release. “Jonathan’s talents for communicating complex products and solutions, along with his natural leadership style are welcomed contributions as we enter into the next phase of our company’s growth."

“This is a very exciting time at CLARUS, as their growth and success has been exponential the past three years,” said Turner. “I am thrilled to join the talented leadership team of Randy, Eric Pottebaum, and Michael Jaffe, that is driving the company’s strategic growth and organizational transformation. I look forward to serving as an integral part of the company’s continued success.”

Turner earned a dual major in Business Management and Marketing from Penn State University. Outside of CLARUS, you can find him traveling the world with his wife or attending various car rallies and professional races.

About CLARUS Merchant Services

CLARUS Merchant Services, (www.clarusdc.com) founded in 1999, is a payment services provider out of Gaithersburg, MD with offices in Maryland, North Carolina, Iowa, Arizona, and Montana. CLARUS is active in portfolio acquisition, dedicated to providing multi-platform solutions, value-added servicing, and in-depth management reporting. CLARUS processes over $8 billion per year and boasts one of the industry’s highest client retention rates.

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Source: Company press release.