RBS poaches King from MasterCard for new payments role
RBS has confirmed that it has hired Marion King, formerly president of UK and Ireland at MasterCard, to take on the role of director of payments in the New Year.
King will take on “end-to-end accountability for payments at RBS”, an RBS spokesperson said. “This is a critical role in helping to create a simpler organisation that’s better aligned to the needs of our customers. She will develop our payments strategy, implement the new payments utility and manage our key internal and external stakeholders.”
Before joining MasterCard, King was chief executive at VocaLink for nearly 10 years, during which time she oversaw a major revamp of its platforms and the introduction of the UK Faster Payments Service. King was appointed as chief executive of VocaLink precursor BACS in 2002 and oversaw its transformation into Voca and the later merger with the Link ATM network in 2007, which brought together the processing capabilities of BACS with the real-time capabilities of Link.
“She brings huge experience from her time as president of the UK and Ireland division at MasterCard. During her time there, Marion has grown the payments industry across the UK and Ireland and developed MasterCard’s innovative approach to everyday payments, including emerging technologies such as contactless and mobile,” said the RBS spokesperson.
Before joining BACS, King came up through the ranks at Reuters, which she joined in 1986 and spent where she spent 14 years including setting up Reuters Business Information and later running its Asian operation out of Hong Kong before becoming managing director of global transactions.