Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 737

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 737
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bett, there are no family relationships between the members of our Board of Directors and
executive officers.

The following information
pertains to the members of our board and executive officers, their principal occupations and other public Company directorships for at
least the last five years and information regarding their specific experiences, qualifications, attributes and skills: 

William Corbett, Chairman
of the Board, Chief Executive Officer and Director. Mr. Corbett has been serving as the Company’s Chief Executive
Officer and a Director since August 6, 2019 and as its Chairman since February 22, 2021. He was also the Company’s Interim
Chief Financial Officer from August 6, 2019 to July 22, 2021.

William Corbett has over
thirty years of Wall Street experience. Starting with Bear Stearns in the mid-eighties he became an associate director responsible
for managing over 50 brokers and was subsequently hired by Lehman Brothers where he was one of the top producers in the 1990’s.
In 1995, he co-founded and became CEO of The Shemano Group, a San Francisco investment banking boutique, which developed into one
of the leading banks for funding small cap companies. Mr. Corbett was a managing director at Paulson Investment Co. from October 2013
until October 2016, responsible for West Coast investment banking activities. He also has served as CEO of DPL a lending company,
and a wholly owned subsidiary of DPW Holdings, Inc., from October of 2016 until May 2019.

Mr. Corbett’s
financial experience on Wall Street, specifically with micro-cap companies, we believe provides him with the attributes that make
him a valuable member of the Company’s Board of Directors.

Richard Rosenblum, President,
Chief Financial Officer, Secretary and Director. Mr. Rosenblum has been serving as the Company’s President, Chief Financial
Officer and a Director since July 22, 2021. Mr. Rosenblum has also served as the Secretary of the Company since August 26,
2021.

Richard Rosenblum has
been, since its founding in 1994, Chief Executive Officer and Principal at Harborview Capital Advisors LLC (“Harborview”),
which provided strategic advisory services in the areas of capital formation, merchant banking and management consulting. Additionally,
Mr. Rosenblum has been the