VocaLink, the international payment transaction firm, has appointed Sir John Gieve as chairman, effective 1 July 2009. He will lead the VocaLink board of directors as the company further develops and expands its business. Gieve retired as deputy governor of The Bank of England (BofE) in February.
In his previous role, Gieve was a member of the Monetary Policy Committee and of the board of the Financial Services Authority (FSA). He was responsible within the BofE for tackling the international financial crisis, which included new legislation extending the BofE’s role in winding up banks under stress. He was also a member of the Financial Stability Forum which led the international policy response to the crisis and whose report was endorsed at the G20 summit in London last month.
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