Nixon knocks PSR job on the head
The UK’s Payment Systems Regulator (PSR) has announced that Hannah Nixon will be standing down as its managing director in April this year.
Hannah Nixon, PSR’s MD
Nixon says: “In the five years since I joined the PSR we have come a long way, launching the world’s first payments regulator and building an organisation which has made a real impact. We’ve opened up the UK’s payment systems to innovation and new entrants. We have improved consumer protection against payment fraud. We’ve changed the conversation on payments, making input more strategic and customer focussed.”
The PSR has been busy over that time, that’s true.
Just recently it had a card-acquiring services review; got tough on authorised push payment (APP) scams; and wised up to data in the payments industry.
Charles Randell, chair of the Financial Conduct Authority (FCA) and PSR, comments: “Setting up a new organisation from scratch is always a challenging task and Hannah has led the PSR through those important and formative years with vision, skill and determination. Under her leadership the PSR has established itself and has a track record of real achievement.”
Pending the appointment of a permanent successor, the PSR board has asked Chris Hemsley, currently head of policy, and Louise Buckley, currently chief operating officer, to act as joint interim managing directors, reporting to FCA chief executive, Andrew Bailey.
FinTech Futures contacted the PSR for more details about Nixon’s next step.
The PSR explains: “She is taking some time to consider her options for the next stage in her career and is not immediately taking up another full time role.”
