Maurice Cleaves has been made the interim CEO of the Payment Council.
With over 30 years of banking experience, Cleaves has held senior positions in Barclays, Deutsche Bank and J.P. Morgan.
Cleaves will start in November, when Gerard Lemos, executive chairman of the Payments Council, will revert to his role of independent chairman.
The Payments Council will be refocusing later this year in preparation for working with the new Payment Systems Regulatory, due to become officially operational in April 2015.
Lemos said: “We are delighted that Maurice has agreed to lead the Payments Council. His experience and knowledge will be critical to help us prepare 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’] breadth of experience makes him the ideal person to lead the organisation into this new exciting phase.”
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