Spotlight On... Stephen Morana, interim chief executive, Betfair

Who?

Possibly the City's only personable finance director. The unflappable numbers man at online gambling exchange Betfair has just been given the top job, taking over from the departing chief executive David Yu until Paddy Power's operations man, Breon Corcoran, joins the company in August.

Finance director? Personable?

So say those in the City who've met him. During the nine years he's worked at Betfair – he joined from Sapient, the Nasdaq-listed technology consultancy where he was head of UK finance – Mr Morana has become known as the easygoing one at the top of the company. He shrugs off criticism without getting all defensive, but is still thought of as a bona fide brainbox. In fact, Mr Morana is so well regarded by Betfair's founders, Ed Wray and Andrew Black, that they named a thoroughbred horse after him. Said nag, Morana, went on to win at Ascot.

Horseplay?

He might only be in the top job for eight months – although word on the street is that he was offered the chief executive role but turned it down to bolster his experience as FD – but Mr Morana still has plenty to do to convince the City that Betfair is a growth story. The company has impressed the whole industry by revolutionising the sports-betting industry. Now it needs to prove that it can do the same in another sector with new venture LMAX, a financial-betting exchange. But established rival IG Index won't be giving up its ground easily.

And then there's the small matter of the shares...

Yup. Betfair floated a year ago at 1,300p. Today it's still well below 800p. But Mr Morana reckons that things are looking up. He said yesterday: "I've been here nine years and I'm more positive about the business than I have been for a long time." He'll be hoping that remains true over the next eight months.

PROMOTED VIDEO
News
ebooksAn unforgettable anthology of contemporary reportage
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs People

Chief Executive

£28, 700: Whiskey Whiskey Tango: Property Management Company is seeking a brig...

COO / Chief Operating Officer

£80 - 100k + Bonus: Guru Careers: A COO / Chief Operating Officer is needed to...

HR Manager - Kent - £45,000

£40000 - £45000 per annum: Ashdown Group: HR Manager / Training Manager (L&D /...

HR Manager - Edgware, London - £45,000

£40000 - £45000 per annum + Benefits: Ashdown Group: HR Manager - Edgware, Lon...

Day In a Page

Italian couples fake UK divorce scam on an ‘industrial scale’

Welcome to Maidenhead, the divorce capital of... Italy

A look at the the legal tourists who exploited our liberal dissolution rules
Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

The vintage series has often been criticised for racial stereotyping
An app for the amorous: Could Good2Go end disputes about sexual consent - without being a passion-killer?

An app for the amorous

Could Good2Go end disputes about sexual consent - without being a passion-killer?
Llansanffraid is now Llansantffraid. Welsh town changes its name, but can you spot the difference?

Llansanffraid is now Llansantffraid

Welsh town changes its name, but can you spot the difference?
Charlotte Riley: At the peak of her powers

Charlotte Riley: At the peak of her powers

After a few early missteps with Chekhov, her acting career has taken her to Hollywood. Next up is a role in the BBC’s gangster drama ‘Peaky Blinders’
She's having a laugh: Britain's female comedians have never had it so good

She's having a laugh

Britain's female comedians have never had it so good, says stand-up Natalie Haynes
Sistine Chapel to ‘sing’ with new LED lights designed to bring Michelangelo’s masterpiece out of the shadows

Let there be light

Sistine Chapel to ‘sing’ with new LEDs designed to bring Michelangelo’s masterpiece out of the shadows
Great British Bake Off, semi-final, review: Richard remains the baker to beat

Tensions rise in Bake Off's pastry week

Richard remains the baker to beat as Chetna begins to flake
Paris Fashion Week, spring/summer 2015: Time travel fashion at Louis Vuitton in Paris

A look to the future

It's time travel fashion at Louis Vuitton in Paris
The 10 best bedspreads

The 10 best bedspreads

Before you up the tog count on your duvet, add an extra layer and a room-changing piece to your bed this autumn
Arsenal vs Galatasaray: Five things we learnt from the Emirates

Arsenal vs Galatasaray

Five things we learnt from the Gunners' Champions League victory at the Emirates
Stuart Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

This deal gives England a head-start to prepare for 2019 World Cup, says Chris Hewett
Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?