The Payment Systems Regulator has appointed three heads of department to help lead the new organisation which is due to become operational on 1 April.
Carole Begent has been hired as head of legal, moving from the Competition and Markets Authority, where she is senior legal director, specialising in mergers, markets and sector regulation. She will start her new role on 1 April.
Mark Falcon joins as head of regulatory policy and strategy, from Hutchison 3G UK, where he is head of economic regulation. He will start on 2 March.
Louise Buckley comes in as head of stakeholder engagement and communications, joining from Stracey Wheeler Consulting Ltd, where she is a director and senior communications consultant. She will start her new role on 26 January.
Hannah Nixon, managing director of the new regulator for the UK’s £75,000bn payments industry, stated that they will help deliver the objectives of promoting competition and innovation in payment systems, ensuring the interests of service users are always at heart.
“We have accomplished much since we were incorporated last year, not least our November consultation paper that set out a comprehensive road map for regulation. Our focus is now on finalising our approach then delivering it as we go live in April.”