Formerly managing director of Barclays Sales Financing, David headed up Barclays’ Group IT and Operations business before joining Lloyds TSB as managing director of Commercial Banking. This role included the post of chairman at Lloyds TSB Commercial Finance. In September 2015, David was appointed Bibby Financial Services’ global chief executive, where he heads up a global team of over 1,300 throughout Europe, Asia and North America.
With 20 years of experience either in or consulting to the retail banking and payments industry, Mark Barnett joined Mastercard in 2003 and is now divisional president for Mastercard in the UK, Ireland, Nordics & Baltics, with responsibility for all of Mastercard’s activities within the territories. Initially joining Mastercard’s Advisors business, Mark also held the role of executive vice-president, global head of Consulting Services. Earlier in his career, Mark led KPMG’s payments consulting practice across Europe.
Representing firms covering credit, banking, markets and payment-related services, UK Finance was established to help its members build customer trust, facilitate industry-wide collaboration and innovation, and work with policy makers and regulators in the UK, EU and at a global level to ensure that the UK retains its position as a global leader in financial services.
The Board, which is led by UK Finance Chair Bob Wigley, has been developed to ensure senior and fair representation across the industry. It focuses on issues of importance to retail, SME, wholesale and invoice finance customers including ethics, financial inclusion, financial fraud, crime, access to markets and diversity. Importantly, the consumer voice is also represented on the board via the inclusion of a strong, independent consumer champion. With their expertise in the commercial finance and cards industry, David and Mark will further contribute to the UK Finance Board’s knowledge in both the business and consumer space.
UK Finance Chair Bob Wigley has held a number of senior positions in financial services including EMEA Chairman of Merrill Lynch and as a member of the Court of the Bank of England.
Commenting on the appointments of David Postings and Mark Barnett, Bob Wigley, Chair of UK Finance, said “Ensuring we represent our members across the UK’s finance and banking sector fairly, and in turn address the issues that matter to them and their customers, is a key function of the UK Finance Board’s role. David’s extensive experience across industry sectors and a wide range of institutions – both banks and non-bank finance providers – combined with his leadership of Bibby Financial Services, one of the most important players in the invoice finance and asset-based lending market, and Mark’s experience and insight into the retail banking and payments industry makes them valuable additions to the Board of UK Finance. I look forward to working with them and the wider team to continue promoting high standards across the industry.”
Mark Barnett, president of UK, Ireland, Nordics & Baltics, Mastercard said “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.”
David Postings, Global Chief Executive, Bibby Financial Services, said “The invoice finance and asset based lending industry is pivotal in providing much needed working capital to UK SMEs, helping them grow in both domestic and international markets. UK Finance is an important voice for the industry and I look forward to contributing to change that positively impacts UK SMEs.”
John Jenkins, former CEO, Amicus Finance and Jayne-Anne Gadhia, CEO, Virgin Money, have both announced their intention to step down from the UK Finance Board, following the completion of corporate transactions involving their firms.