Electronic and internet payments service provider, Customers Limited (ASX:CUS) has appointed Greg Baker as managing director. Baker, who was formerly managing director and CEO of Cashcard Australia, will also become the company’s largest shareholder following a successful $2.1 million capital raising which was endorsed by shareholders at the company’s AGM today. He replaces Julian Ludowici, who will remain as a ditrector and company secretary. Baker was CEO of Cashcard from its inception in 1993 until it was sold earlier this year to a US business.