Niall Wass moves to Wonga from Betfair

Betfair’s chief commercial officer, Niall Wass, is leaving to join short-term loan provider Wonga, shirt sponsor of Hearts football club, as chief operating officer.

The move came after Wass had been overlooked for the role of chief executive at Betfair, the world’s biggest betting exchange.

Sign up to our daily newsletter

The i newsletter cut through the noise

Wonga was founded by South African entrepreneur Errol Damelin, who said yesterday: “I’m delighted to welcome Niall on board and he will be a real asset as we continue to build a world-class consumer and technology business.”

Betfair closed up 0.5p at 750p.