Pay.UK, the UK retail payment systems operator, has announced the appointment of Mark Hoban as the new Independent Non-Executive Chair of its Board of Directors.
Mark will take over from Melanie Johnson who announced earlier this year her intention not to seek a further term.
Mark brings a wealth of experience in both public and private sectors, with a strong background in financial and regulatory arenas. Following a career in politics as Member of Parliament for Fareham, where he held ministerial roles as Financial Secretary to the Treasury and Minister of State for Employment, he has spent the last five years working at Board level in highly regulated organisations including Flood Re, the Jersey Financial Services Commission and the London Stock Exchange.
Mark will take up his post on 1 November 2020 for a three-year term.
“I am delighted to be nominated as Chair of Pay.UK at this critical time. The public depends on us to operate the payment systems in a way in which users can trust, and this is currently more important than ever before,” said Mark commenting on his appointment.
“It is fantastic to welcome Mark to the Pay.UK Board at such a crucial time in our journey,” said Paul Horlock, CEO. “Mark’s experience of transformation, risk and technology will be invaluable in providing strategic oversight and leading us forward to further embed our position in leading rules, standards and delivery in the field of retail payments systems operation.”