Barclays has announced Rob Cameron as its CEO, global head of Payments Acceptance. He will be based in the company’s London office. Cameron will lead the firm’s Barclaycard Payment Solutions business and report to Barry Rodrigues, CEO of Cards & Payments at the company.
Rodrigues said in a statement that he is confident Cameron will help the company as it looks to expand its Barclaycard Payment Solutions business, which includes the purchase of The Logic Group. Cameron brings “strong payments and acquiring knowledge” to the table, which he said will help the bank’s momentum going forward.
Cameron was previously at JPMorgan Chase as president of Chase Merchant Services Canada and led the integration of the WePay payments platform in the U.S. He will assume the new position on Oct. 8 over the expansion of Barclaycard Payment Solutions, the leading payments processor in the U.K. and second largest in Europe. The business currently processes more than one of every three card payments in the U.K., according to the bank.
The company also announced that Michael Reed has been named managing director of U.K. Merchant Acquiring and International Expansion. Reed has 20 years of merchant-acquiring experience and had been managing director of Bank of America Merrill Lynch Merchant Services, the European subsidiary of Bank of America Merchant Services. Reed will assume the new position on Sept. 3.
The announcements come as Barclays is actively considering whether to expand further into the U.S. market. The bank is mulling the move under some considerable pressure from activist shareholder Sherborne Investors. European banks have largely shied away from the U.S. following the 2008 economic recession. However, an improved economy has made the market a far more attractive option as of late.