The Rye Group, LLC
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Executive Bios

 

Executive Bios

Stuart A. Reis James B. Shanahan Bob Calvano
James F. Calvano Roberto Ruiz Thomas B. Hill

Philippe Duleyrie

Jeff McConnell Daniel R. Forkell, CPA

Stuart A. Reis
President & CEO

Stu is the President and Founder of The Rye Group, LLC, a consulting company focusing on the money transfer space, e-payments, prepaid applications, consumer finance and innovation. His responsibilities include assembling and leading a team of experts to deliver results for The Rye Group’s clients. Stu is a general manager and senior marketing executive with over 25 years of progressive management experience. He has built technology startups, internet companies and leading financial services companies and excels at creatively building and launching successful new businesses and products. Prior to the Rye Group, Stu served as President & CEO of Incentivecity, a Toronto based loyalty marketing technology company. Earlier, he was the VP-Marketing for mondus.com, a UK based B2B eProcurement company, where he led the North American launch of the business. Prior to mondus.com, Stu spent ten years in the money transfer space, first with Western Union and then with MoneyGram: Senior Vice President/General Manager – MoneyGram Payment Systems, reporting to the CEO/Chairman; Vice President/General Manager – Development for Western Union, reporting to the President, where he developed and launched over a dozen new products including Quick Collect, now a $600+ million business for Western Union, PhoneCard, the first nationally available branded prepaid calling card, and Western Union Money Orders. Earlier, Stu served as Vice President – Retail Marketing, The Bank of New York, where he developed and launched The 60 Minute Loan at a time when it took Chemical Bank and Citi three days to process a new loan application. Stu graduated from New York University and received his MBA from Iona College.

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James F. Calvano
General Management, Deal Structuring, Corporate Governance
Jim was former Chairman & CEO of MoneyGram Payment Systems, having served in that capacity from early 1996 until the company was sold to the Viad Corporation in July 1998. During his tenure at MoneyGram, he was responsible for bringing the company public and then oversaw its sale 18 months later. Just prior to that, he served as an EVP for Travelers from 1993 to 1996. Earlier, Jim was the President & COO of Western Union; President & CEO of Carlson Companies; President of Commercial Credit Corp where he IPO’d the company; Vice Chairman at American Express Travel Related Services and President & CEO of Avis.

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Philippe Duleyrie
General Management; Consumer Marketing, New Product Development, Domestic and International

Philippe is a general management executive with classical marketing training who began his career in brand management at Procter & Gamble and Nabisco. He gained considerable experience in the payments and money transfer services industry; first, at Western Union as Director Business Development where he managed the money order business and launched several new bill payment and credit services. Then, at MoneyGram as VP Business Development and, subsequently, as SVP Marketing responsible for the strategic direction of the company’s core U.S. and Mexico money transfer services. Following MoneyGram’s sale to Viad Corp., he was named President - Consorcio Oriental, a financial and communication services retail operation focusing on the US-based Dominican community through 18 company-owned sites, 125 sub-agent locations. Following that, he served for 7 years as President - Americas at Polar, the leading high tech heart rate monitor manufacturer.

At The Rye Group, LLC, Philippe has led the firm’s due diligence project for a leading private equity firm that was considering a substantial investment in an online money transfer provider. Most recently, he led the engagement with a U.S.-based telecom seeking to leverage its extensive consumer base to enter the mobile payments/mobile money transfer space.  Philippe holds a BA from New York University and an MBA from the Wharton School of the University of Pennsylvania.

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James B. Shanahan
Co-Branding and Prepaid Expert
Jim is a recognized world wide expert in credit card co-branding. After working for American Express and JP Morgan Chase, he began his career in co-branding when he oversaw the co-branding revolution as SVP of Marketing at MasterCard in the late 1980’s. He helped develop MasterCard’s winning co-branding strategy while setting up and managing MasterCard’s first co-branded credit card department and creating co-branded programs with the NBA, NHL, Major League Baseball and World Cup Soccer. He then worked at MBNA America, the world’s largest issuer of co-branded credit cards, where he was responsible for expanding the co-branding concept to other areas of the credit card business. Jim continued his work in co-branding with Business Dynamics, a widely respected credit card consulting firm that he co-founded and managed for 10 years. While at Business Dynamics he helped develop co-branded credit card programs for the National Football League, SBC Communications, Nordstroms and The Smithsonian. He is the author of Co-branded Credit Cards, published by Find/SVP, What Co-branders Are Looking for in a Bank Partner, published by the American Banker, and has been quoted extensively in the press on the co-branded card industry.

Most recently, Jim has been applying his co-branding and consumer marketing expertise to the rapidly growing Prepaid Card industry after helping to launch one of the first branded Gift Cards with National City in 2000. Since then he has worked for several companies helping to develop new Prepaid Card products. Jim has worked on many different types of Prepaid Cards including Promotion Cards, Incentive Cards, Money Transfer Cards, Payroll Cards, and Gift Cards. He has also worked for infrastructure providers such as POSA processors and card processors. Jim's expertise in Prepaid Cards includes business strategy, new product development, marketing, operations and financial analysis. 

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Roberto Ruiz
Hispanic Marketing/Advertising, Latin America Markets Specialist, International Money Transfer
Roberto is a former partner of The Vidal Partnership, a Hispanic marketing and advertising agency based in New York city that was recognized in 2002 as the Multicultural Agency of the Year by Advertising Age magazine and the Association of National Advertisers. While there, he was involved with the launch of Citibank’s internet-based money transfer product (c2it) to the Hispanic market. He led the team that designed and implemented the advertising and promotions for this product across web sites targeting consumers from Hispanic countries including Mexico, Colombia and Central America. Just prior to his agency work, Roberto was the VP – International & Partner Marketing for Prodigy where he was responsible for positioning Prodigy as the first bilingual ISP for the U.S. Hispanic market. Earlier, Roberto was the former Director of the U.S. Hispanic & Latin America business for MoneyGram Payment Systems where he held P&L responsibility for the $90 million U.S. Hispanic/international business unit. Earlier, Roberto was Manager of Direct & Ethnic Marketing for MCI and Senior Brand Manager for Gillette in Venezuela. Roberto was born and raised in Venezuela.

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Jeffrey McConnell
Mergers, Restructuring, Prepaid applications, On-line payments and FX/Treasury
Jeff is a twenty-five year veteran of the payments and money transfer industry and most recently served as President and CEO of iKobo an internet money transfer company that leverages a network branded VISA card instead of agents. He was part of the original American Express/First Data team that launched MoneyGram in 1988. Jeff also worked at Western Union in a variety of business units including "Dinero in Minutos" Money Transfer, EasyPay, Money Order and WUNIX Check Cashing. He rejoined MoneyGram concurrent with the Public Offering and played a key role in managing Domestic Money Transfer, Phone Card, Business Development and acquired/ran the Money Order business.

In addition, Jeff has also served as CFO/Controller for various divisions of American Express and held senior management positions at PRG Schultz, Empire Insurance and Integon Insurance. He earned his MBA from the University of Colorado and BA from the University of Florida. He was a member of Florida Blue Key, Gold Key, Omicron Delta Kappa, and listed in "Who's Who in American Colleges and Universities".

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Bob Calvano
Agent Network Management
Bob is the former Regional Vice President of Sales for MoneyGram Payment Systems, where he recruited and trained the sales organization which managed the MoneyGram network of retail agents. Among his organization’s many successes, was the six year contract they established with the Harris Teeter Corporation, a six state grocery chain. Bob has a rich background in sales and sales management with the Olivetti Corporation, Texas Instruments, Buxton leather goods and American Tourister.

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Thomas B. Hill
Supply Chain Management, Operations, Telecommunications
Tom has fifteen years experience with the two leading companies in the Money Transfer market. His particular areas of expertise include general operations and supply chain management. Tom’s responsibilities included managing a supply chain for retail agents globally and 120 domestic sales representatives. Responsibilities included such areas as global telecommunications, procurement, technical help desk, a fulfillment warehouse, corporate real estate, call center technology and facility management. All agent location POS/POP material, checks and technology equipment were installed, maintained and fulfilled from systems and facilities maintained by Tom. The call center facility, its voice technology and global data network servicing the agent network was designed and managed as well by Tom.

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Daniel R. Forkell, CPA
Mergers and Acquisitions
Dan was Vice President of Mergers and Acquisitions for Western Union International where he successfully sourced, structured and negotiated acquisitions in Europe, Latin America, Asia/Pacific, Africa and the United States.

While there, he formulated the strategy for acquiring international and domestic companies that were integral to Western Union’s plan for growth and profitability. Dan has extensive knowledge of, and experience in dealing with, the ethnic players in the money transfer space. He sourced, researched and evaluated potential acquisition candidates, including market segmentation and analysis, competitive evaluation, and investigation of risk factors and synergies. He initiated contact with the principals, prepared the business cases, presented to senior management, conducted negotiations, coordinated due diligence, and developed the transition and integration plans.

Dan also spent six years with IBM where he headed up the mergers and acquisitions group for the IBM Consulting Group.

Dan is a Certified Public Accountant and spent ten years in public accounting.

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