02 December 2015

VocaLink names David Yates as new CEO as King moves on

06 December 2011  |  12037 views  |  0 Marion King, CEO of VocaLink

UK payments processor VocaLink has apppointed David Yates from Western Union as its new chief executive, taking over from Marion King who steps down after nine years at the helm.

Yates joins VocaLink from Western Union where he was president of business development and innovation and responsible for overseeing its electronic channels, prepaid, global top-up and loyalty businesses. Yates also spent six years at First Data, latterly as president of First Data International.

He takes over his new posting at VocaLink in January.

Sir John Gieve, chairman of VocaLink, says: "David's appointment comes at a significant time in the company's growth. He brings extensive business development experience that will support our future objectives."

In announcing the appointment, VocaLink appears to be drawing a veil over the achievements of incumbent chief Marion King, who steered the company from its previous incarnation as bank-owned back office clearing operation Bacs, through to its merger with the Link Interchange network in 2007.

King's reign at VocaLink saw the ACH introduce the Faster Payments programme for the UK banking industry and a failed multi-million pound bet on the development of a range of Sepa processing services which was canned in August.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related stories

23 November, 2011
22 August, 2011
28 January, 2010
25 January, 2010
16 November, 2009
15 September, 2009
24 August, 2009
05 May, 2009
02 December, 2008
31 March, 2008
12 July, 2007

Related company news


Top topics

Most viewed Most shared
EPC publishes proposals for pan-European i...
8112 views comments | 36 tweets | 33 linkedin
Former Barclays chief forecasts massive jo...
7726 views comments | 30 tweets | 36 linkedin
WeChat launches mobile wallet in South Afr...
6712 views comments | 20 tweets | 16 linkedin
BBVA Bancomer first to roll out dynamic CV...
6442 views comments | 14 tweets | 21 linkedin
Hilton confirms data breach
5927 views comments | 11 tweets | 17 linkedin

Featured job

Competitive base, double OTE
New York City, NY. USA

Find your next job