Maurice Cleaves, a former senior banker with Barclays, has been unveiled as the new interim CEO of the Payments Council.
Cleaves, who was global head of cash management at the Big Four bank until the end of 2013, will take up the role at the start of November 2014.
Gerard Lemos will continue in his role as executive chairman of the Payments Council until that time, after which he will revert to his role as independent chairman.
Later this year, the Payments Council will be preparing to work with the new Payment Systems Regulator, which is due to become officially operational in April 2015.
Lemos said that Cleaves’ knowledge and experience “will be critical” in helping the council to prepare for the new regulator.
Cleaves is well known within the corporate treasury community and has chaired some ACT cash management conferences.
He said of his appointment: "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.”
Sally Percy is editor of The Treasurer