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New Director appointed to the Board of the New Payment System Operator

The New Payment System Operator (NPSO) has today (12 April 2018) announced the appointment of Richard Anderson as an Independent Non-Executive Director as it moves closer to taking responsibility for the UK’s retail payment systems.

Richard Anderson is a past Chairman of the Institute of Risk Management and was a partner at Coopers & Lybrand, subsequently PwC where he led the Strategic Risk Group in Europe, the Middle East and Africa. Richard has also worked for a variety of risk practices, including setting up AndersonRisk.

Following Richard’s appointment the NPSO Board will comprise the Independent Chair, six Independent Non-Executive Directors, two Non-Executive Directors, and the Chief Executive and Chief Operating Officer of the company, with one further role to fill.

Richard brings over 30 years’ experience of risk management to the NPSO Board which already comprises extensive expertise across banking, technology, procurement and infrastructure management. A strong Board will enable us to deliver change successfully while maintaining a clear focus on service delivery.

Melanie Johnson, Chair of the NPSO

Richard Anderson said:

“Managing risk effectively is essential to the operation of the NPSO. I am looking forward to working with the organisation to help us reach the goal of enabling a vibrant UK economy, which includes managing risk, reliability and resilience in relation to payments, standards and overlay services.”

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 (FPSL), 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 UK economy.

The NPSO Board will also be advised and challenged by two Advisory Councils, representing end users and payment system participants, to ensure the UK’s payment systems are run for the public good. The End User Advisory Council is in place and recruitment for the Participant Advisory Council is currently ongoing.


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