The leading sports wagering technology firm, FSB, has appointed Adam Smith as its permanent Chief Executive Officer, removing his interim status. Since assuming the role provisionally in December 2022, Smith effectively guided the organization through a phase of substantial growth, particularly in expanding into the North American sector. This culminated in a significant collaboration with Fitzdares, launching their operations within the regulated Ontario market.
Before joining FSB, Smith cultivated his leadership expertise at a prominent Scandinavian technology consulting firm. As Managing Director for the United Kingdom and a member of the Group’s board of directors, he spearheaded their endeavors in large-scale data analysis and digital transformation. His impressive credentials also include a history of propelling growth and change across various industries, such as telecommunications, tourism, market data, manufacturing, and information systems.
“I am incredibly enthusiastic to officially lead FSB,” Smith stated. “My tenure as interim CEO provided me with invaluable understanding of the company’s capabilities, and I am invigorated by the prospects that lie ahead.”
He added, “Our proprietary technological foundation is unparalleled, our team is brimming with talent and drive, and we are aligned with top-tier collaborators. These elements give me immense confidence in our future.”
Looking ahead, Smith stressed the cooperative ethos he aims to cultivate. “I am eager to maintain a close working relationship with Clairvest, our dedicated private equity associate, as we propel this award-winning enterprise to new heights.”
Clairvests Managing Director, Mohit Kansal, commended Adam’s swift influence on FSB, highlighting the considerable progress achieved in a short period with robust backing from senior leadership. Kansal conveyed eagerness for ongoing teamwork and triumphs ahead.
This declaration comes after a long-term alliance between the firms, originating in 2014 when Sporting Solutions’ live data streams were incorporated into FSB’s sports wagering platform.
Lately, this partnership broadened to encompass pricing services, further cementing the synergy between Sporting Solutions and FSB.