NPSO appoint chief risk officer

New Payment System Operator (NPSO) announced the appointment of Geoff Close as its new chief risk officer, effective April 3, 2018.

Close currently serves as the interim COO and CRO at the NPSO. He brings a wealth of experience with him, seeing as he has spent 20 years in the retail, commercial and institutional banking sectors. He has also held CRO roles previously at GE Capital and FIS, where he served as COO.

Speaking about his appointment, Paul Horlock, CEO of the NPSO, said “Geoff has been invaluable to the NPSO in his interim role and will be an excellent chief risk officer. I’m delighted that he is able to join us in our challenge to manage risks while enabling a vibrant UK economy for the benefit of everyone”.

Close added: “The NPSO aspires to be the industry leader for managing risk, reliability and resilience in relation to payments, standards and overlay services. We will satisfy the requirements of our regulators, delivering a robust payments infrastructure, creating a foundation of market standards and carefully managing an end-to-end governance model which can be easily adopted by the market.”