Pay.UK announces David Pitt as Chief Executive Officer

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Pay.UK, the recognised operator and standards body for the UK’s retail interbank payment systems, has named David Pitt as its new Chief Executive Officer. Pitt will assume the role in July, taking over from interim CEO Matthew Hunt, who has been appointed to the newly created role of Chief Strategy Officer, Deputy CEO.

Pitt has previously held a number of senior roles with RSA across both RSA Insurance and More Th>n, including having been CEO of RSA Greater China. More recently, Pitt was COO of esure Group, a role which he left last July to become COO of Test, Trace and Containment where he led a transformation strategy to boost its effectiveness.

Welcoming the announcement, Mark Hoban, Chair of Pay.UK, said: “With a strong and successful track record of leading organisations through periods of transformational change, and having been instrumental in delivering a number of high-profile projects, David is the right person to lead Pay.UK during this pivotal time for industry. His appointment confirms our commitment to completing the transformation of the UK’s interbank retail payments infrastructure through the New Payments Architecture (NPA) programme; strengthening its resilience and boosting innovation and I am delighted to welcome David to our strong team.”

As CEO, Pitt will lead the operation of our robust and resilient payment schemes, and spearhead Pay.UK’s new five-year strategy, working with participants and stakeholders to further the development and protection of the interbank retail payments infrastructure, including the NPA, in the UK.

David Pitt, incoming Chief Executive Officer said: “Pay.UK is an organisation that is fundamental to the day-to-day lives of millions of people in the UK. Making payments faster, safer and easier in an increasingly digital world is our priority and as the architects of the UK’s payment system, working with the team, we will continue to provide the resilience and innovation consumers and businesses need every day.”

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