UK Finance appoints David Postings as the new Chief Executive

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Trade association, UK Finance recently announced the appointment of David Postings as the new Chief Executive Officer. The appointment follows a recruitment process led by Sapphire Partners and UK Finance’s nominations committee. The new CEO will assume his position on 1st January 2021 onwards.

David Postings commented on his appointment said, “I am pleased to be taking on this role at UK Finance at such an important time for the industry. The sector’s response to the Covid-19 pandemic has shown the vital role that finance must play in supporting consumers and businesses through this difficult economic situation.

“I am looking forward to working with members and colleagues to continue UK Finance’s commitment to building an even more customer-focused and innovative sector for the benefit of the UK economy as a whole.”

Recently, the association, which represents more than 250 firms across the UK banking industry, called for the establishment of a new body to oversee Open Banking, with firms paying ‘fair and equitably’ for their use of central services. In addition, a separate monitoring function would be established to review ongoing compliance with the Competition and Markets Authority’s (CMA) Order. The future model for how the UK’s Open Banking (OB) functions can progress once the current implementation phase ends early next year is set out in the report, Open Banking – Future State, by UK Finance in association with Accenture.

UK Finance Executive Chair, Bob Wigley, said, “I am delighted to announce David Postings appointment as UK Finance’s new Chief Executive. He will bring wide and deep experience of our sector and crucially at this time, a real understanding of the vital role our members play in supporting SMEs and consumers across the UK. I look forward to working with David in his new role and continuing to develop UK Finance as a world class representative organisation that delivers both for our members and their customers.”