13 February 2016

Payments Council names Barclays veteran Maurice Cleaves interim CEO

15 August 2014  |  7985 views  |  0 Maurice Cleavers, Barclays

The UK Payments Council has brought in Barclays veteran Maurice Cleaves as interim CEO to guide the body as it prepares for a change of direction ahead of the introduction of a new payments regulator.

Cleaves will begin in November, taking the reins from Gerard Lemos, who temporarily became executive chairman after previous CEO Adrian Kamellard quit last month.

The new man will take charge as the once all-powerful Council begins "refocusing" to prepare for the introduction of the utilities-style Payment Systems Regulator (PSR), which will become operational next April.

Says Lemos, who will revert to his old role of independent chairman: "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."

In a 30 year banking career, Cleaves has most recently been at Barclays as global head of cash management, MD and a member of the corporate bank executive committee with a co-head responsibility for all products.

He has also worked at Deutsche Bank and JP Morgan and been chairman of the Ibos Association, director of Swift UK, and on the Payments Council board.

Says Cleaves: "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...I look forward to building on this success to help guide the payments industry through the transition to a new regulatory environment."

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 blogs

Create a blog about this story (membership required)

Related stories

31 July, 2014
22 July, 2014
16 June, 2014
10 October, 2013
17 June, 2013
23 July, 2012
16 November, 2011
24 August, 2011

Related company news


Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16012 views comments | 102 tweets | 89 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
8889 views comments | 29 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8498 views comments | 35 tweets | 9 linkedin
Is Paym a failure?Is Paym a failure?
7088 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6494 views comments | 17 tweets | 28 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job