The Payments Council, a collective body representing the UK payments industry, has named Barclays’ Maurice Cleaves as its interim CEO, effective as of 3rd November.
The appointment is part of an on-going shakeup at the Payments Council, which is undergoing extensive changes as it prepares to work with the new Payment Systems Regulator (PSR), which will become operational in April 2015. Gerard Lemos, who is currently the Council’s Executive Chairman, will revert to his role as Independent Chairman when Cleaves takes up the role.
Cleaves, who has over 30 years of banking experience, was Global Head of Cash Management and a Managing Director of Barclays, and previously held senior roles at Deutsche Bank and JP Morgan. Commenting on his appointment, Cleaves said: “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. The UK has shown that when it collaborates effectively it can deliver services for consumers that are the envy of the world. I look forward to building on this success to help guide the payments industry through the transition to a new regulatory environment.”
“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,” added Gerard Lemos. “We have achieved much for British consumers in recent years, notably the Current Account Switch Service and Paym, the new mobile payments service. Maurice’s breadth of experience makes him the ideal person to lead the organisation into this new exciting phase.”
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