Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S.

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One, where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance.

For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

Holdaway will be based in Wilmington, Delaware, and will start his new position in July. He will report to Barry Rodrigues, CEO of cards and payments, and Richard Haworth, CEO of the Americas business.

“Over the past decade, we have built a very successful consumer offering in the U.S. across credit cards, online savings and loans,” said Rodrigues. “Shane is a talented and innovative professional who is positioned well to lead cards and payments U.S. into the future as we continue to leverage our global capabilities and deepen our presence in the market.”

“Shane brings an impressive track record of driving results through customer-centric strategies and industry expertise,” added Haworth. “We are delighted to welcome him to our U.S. franchise and to Barclays overall.”

Barclays’ cards and payments division is one of the fastest-growing top 10 card issuers in the United States, housing leading payments businesses in the U.K., U.S. and Germany. The business serves millions of consumers around the world, providing branded and co-branded consumer credit cards, lending and retail deposit services to consumers, as well as B2B solutions to clients.

The division processed more than £320bn in payments in 2017.

“I’m pleased to be joining Barclays at this exciting time, and look forward to serving our U.S. customers with innovative card, digital banking and payments solutions. I’m eager to begin working with the team to build on their past successes and deliver growth into the future,” said Holdaway.