The UK Payments Council appointed Maurice Cleaves as interim CEO to guide the body as it prepares for a change of direction ahead of the introduction of a new payments regulator.
Cleaves has over 30 years of banking experience, most recently holding senior positions at Barclays as well as previously working at Deutsche Bank and J.P. Morgan. He will take up the new post in November, taking over from Gerard Lemos, who temporarily became executive chairman after previous CEO Adrian Kamellard quit last month.
The new role will see Cleaves take charge as the once all-powerful Council begins “refocusing” to prepare for the introduction of the utilities-style Payment Systems Regulator (PSR), which will become operational next April.
Lemos, who will revert to his old role of independent chairman, commented: “We are delighted that Maurice has agreed to lead the Payment Council. His experience and knowledge will be critical to help us prepare for the new payments regulator. We need to be ready to help support the regulator in meeting its objectives – whilst building upon our past successes, delivering real and positive change for customers.”
Cleaves added: “This is a fabulous opportunity to help shape the future of the payments industry in the UK and I look forward to putting all my energy, experience and knowledge to good use in the role…I look forward to building on this success to help guide the payments industry through the transition to a new regulatory environment.”
Alexander Filshie, a mentor to ICAEW's Financial Talent Executive Network, handed the newly created CFO role at Worldfirst
The personal finance startup has added another banking heavyweight to its board of directors, raising $5m in the process.
The payments processing startup has moved quickly to allay concerns over its CEO's ability to run two multi-billion companies by adding heavyweight financial experience to the company leadership.
Visa has hired former Acting US Trade Representative Demetrios Marantis from Square as senior vice president, Global Government Relations.