Appointment: New Board members at UK NPSO
Three new Board members, including new COO Matthew Hunt and two representatives from the tech and business sector, have been appointed at the UK’s New Payment System Operator. NPSO is taking charge of all the UK’s retail payment systems and is tasked with delivering a faster, better New Payments Architecture (NPA) that serves everyone.
Christine Ashton, Chief Digital Officer in residence at SAP, and Jean-Yves Rotté-Geoffroy are the other two new non-executive Board members. The former is an ex-Chief Procurement Officer at GSK and Executive Vice President IT & Shared Services at AmBev in São Paulo, who has also led procurement organisations at Kraft, AB InBev and P&G. They will bring needed outside corporate and technical expertise to the Board as it seeks to represent the views of the payment industry, business, technologists and many other interest groups.
A technology overhaul for the UK’s decade old Faster Payment Service (FPS), no doubt moving it towards ISO20022 messaging and a more flexible IT architecture, is a key part of the NPA plan.
Following these appointments the NPSO Board will comprise of ten directors (the Independent Chair, five Independent Non-Executive Directors, two Non-Executive Directors and the Chief Executive and Chief Operating Officer of the company) with a further two Independent Non-Executive roles yet to be filled.
Commenting on the new arrivals in a statement, Melanie Johnson, Chair of the NPSO, said: “Christine, Jean-Yves and Matthew bring world-class excellence in technology, procurement and payments respectively to our Board, which already comprises of extensive expertise across banking and infrastructure management. A strong Board will enable us to deliver change successfully while maintaining a clear focus on service delivery.”
The NPSO Board will also be advised and challenged by two Advisory Councils, representing end users and payment system participants, to try to ensure the UK’s payment systems are run for the public good. The open recruitment and appointment processes for these advisory councils is presently underway.
The NPSO has been established to develop the capability and capacity of the UK’s retail payment systems, which between them process over £6.4 trillion in value of payments every year. The NPSO is bringing together Bacs Payment Schemes Limited (Bacs), the Faster Payments Scheme Limited (FPS), the Cheque & Credit Clearing Company Limited (C&CCC) and UK Payments Administration (UKPA), to take an over-arching view of operating and developing the retail payments sector for the benefit of the entire UK economy.