FSB has confirmed the appointment of Adam Smith as CEO on a permanent basis, following completion of a successful three-month interim period.

Smith’s interim stint as CEO of FSB saw the firm enter Ontario in February, as the global B2B sportsbook and online casino service provider helped to power the launch of its long-term partner Fitzdares in the regulated Canadian province.

Speaking after FSB went live in its fourth continent, Smith described it as a “hugely important milestone” in the company’s history, and his role in that achievement has been rewarded.

Mohit Kansal, Managing Director at Clairvest, the private equity group bankrolling FSB, commented: “We are delighted that Adam has agreed to come onboard as full-time CEO effective immediately.

“Adam’s commitment and impact at FSB in a short few months with the support of the senior management team has been exemplary.

“We look forward to working closely with him and FSB towards a bright future.”

Prior to his appointment at FSB, Smith was UK Managing Director and Group Board member at Valcon – a technology and consultancy business focused on digital transformation and big data.

His prior experience also includes running a number of large scale, complex, multi-jurisdictional regulated market delivery programmes as well as leading successful business scaling and transformation initiatives in Telcom, Travel, Market Data, Manufacturing and IT sectors.

Reflecting on his appointment as CEO, Smith said: “Taking full-time charge of FSB is a great thrill for me. What became clear during my three month period as Interim CEO was the opportunity that lies ahead for our organisation.

“The combination of our dynamic proprietary platform technology alongside our driven, determined people and Tier 1 partnership portfolio gives us every reason to look forward with confidence.

“Having taken our first assured steps in North America last month we are now well positioned to move forward boldly in 2023 with our core markets and products strategy.

“Working closely with our committed private equity partners, Clairvest, I’m hugely energised to accelerate the growth of our award winning company.”