New Vocalink Chief Executive

Payment processing specialist VocaLink has named David Yates as chief executive, replacing Marion King, who is leaving at the end of the year after 10 years in the post.

Yates joins from Western Union where he was president of business development and innovation and responsible for overseeing its electronic channels, prepaid, global top-up and loyalty businesses as well as leading Western Union's Business Payments Sector. Yates also spent six years at First Data Corporation, latterly as President of First Data International.

In this role, he had executive management responsibility for all of First Data's activities outside of the US including the merchant acquiring, merchant transaction processing, issuer processing and ATM network solutions business units.

In a statement, the company said that he will be "focused on VocaLink's ongoing investment in its core business as well as continuing to build solid foundations for future growth". Sir John Gieve, chairman of VocaLink, said the appointment" comes at a significant time in the company's growth".

Yates himself said that he is looking forward "to guiding our strategy to bring smarter payment solutions to international markets, as well as leading our continued focus on meeting the commercial needs of our customers".

Extract taken from:

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