UK Finance Confirms Appointment of Matt Hammerstein, Lucy-Marie Hagues, John Hourican, Max Roberts to its Finance Board

UK Finance has confirmed 4 new appointments to the UK Finance Board – that are all efficient as of July 1, 2021.

Matt Hammerstein, CEO of Barclays Financial institution UK; Lucy-Marie Hagues, CEO at Capital One UK; John Hourican, Chief Govt of NewDay Group; and Max Roberts, UK Nation Lead for Stripe, have all joined the Board at UK Finance.

Consistent with the expiration of their phrases which have been agreed with the UK Finance Board, the next professionals have now stepped down from their roles, with impact from July 1 2021:

• Vim Maru, Lloyds Banking Group
• Tracey McDermott, Customary Chartered

Representing roughly 300 firms, UK Finance goals to function the collective voice for the nation’s banking and finance sector, performing to enhance competitiveness, assist prospects whereas additionally facilitating modern initiatives.

UK Finance gives analysis, coverage experience and advocacy together with operational and challenge implementation to enhance members’ personal companies the place collective exercise throughout the monetary companies business is acceptable. The Board, which is being led by UK Finance Chairperson Bob Wigley, has been arrange to make sure senior and truthful illustration throughout the business.

UK Finance Board, Bob Wigley, Chair of UK Finance, said:

“The banking and finance business has offered unprecedented assist to shoppers and companies all through the pandemic and into the restoration. The UK Finance Board performs a significant function in enabling members to assist their prospects and wider society, and I welcome the brand new members and the experience they bring about to assist UK Finance proceed its wonderful work. The Board wish to thank Vim Maru and Tracey McDermott for his or her important contributions to the success of UK Finance throughout their phrases and appears ahead to welcoming our 4 new board members.”

As lined in Might 2021, UK Finance (a commerce affiliation for the UK banking and monetary companies sector that represents round 300 corporations within the UK offering credit score, banking, markets and payment-related companies), Which? (a company that opinions services, so that you just “make the very best buy selections” in your necessities) and Metropolis of London Police are amongst a number of different organizations that signed a letter asking the UK authorities so as to add on-line or Web scams to its newest “On-line Security” invoice.

As reported in March 2021, UK Finance printed a proposal for a “new service firm” that may assist the UK’s open banking infrastructure, in keeping with a public assertion.

Final yr, UK Finance advised a mannequin which might see the continuation of open banking capabilities moved into a brand new service firm as the ultimate phases of the Competitors and Market Authority’s (CMA) implementation roadmap. The publication, Open Banking Futures: Blueprint and Transition Plan, is a proposal for a “easy transition from the present Open Banking Implementation Entity (OBIE).”