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Peer2Peer Finance News | December 17, 2018

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UK Finance appoints board members from Bibby and Mastercard

UK Finance appoints board members from Bibby and Mastercard
Nick Fletcher

TWO new board members have joined banking trade body UK Finance.

David Postings, global chief executive of Banbury-based Bibby Financial Services, and Mark Barnett, president of Mastercard UK, Ireland, Nordics and Baltics, will replace former Amicus Finance chief executive John Jenkins and Virgin Money chief executive Jayne-Anne Gadhia.

Read more: ArchOver signs up to UK Finance trade body

Postings joined Bibby in 2015 after senior positions at Barclays and Lloyds TSB, while Barnett has 20 years of experience in the retail banking and payments industry.

“David’s extensive experience across industry sectors and a wide range of institutions.and Mark’s experience and insight into the retail banking and payments industry make them valuable additions to the board,” Bob Wigley, chair of UK Finance, said.

Read more: ArchOver among the first P2P firms to join asset finance trade body

UK Finance was set up in July 2017 to bring together the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.

“With cards and other forms of digital payment now the primary means through which consumers choose to pay, I look forward to helping UK Finance reflect and support the UK’s changing payments landscape,” Barnett added:

Read more: SME housebuilders urged to consider alternative finance

Peer-to-peer secured business loans platform ArchOver became part of UK Finance last year, and other P2P lenders are also part of the trade body including Landbay.