Payment Technology Veteran Marcus Treacher Named Global Head of Strategic Accounts
SAN FRANCISCO & LONDON – Ripple, the global provider of financial settlement solutions, today announced the hire of Marcus Treacher as Global Head of Strategic Accounts. Treacher brings more than 30 years of experience in transaction banking and payment system technology, including 12 years in global leadership roles at HSBC. He also served as a member of the Global Board of SWIFT from 2010 to 2016.
Treacher joins Ripple from his recent position as HSBC’s Global Head of Payments Innovation where he established a new team focused on applying emerging fintech to solve customer challenges in digital payments, trade and supply chain. Projects under his leadership included establishing an alternative to traditional models for international mobile payments, and driving the adoption of blockchain and distributed ledger technologies.
Earlier in his career, Treacher served as HSBC’s Global Head of eCommerce for Transaction Banking, where he led the establishment of corporate and commercial digital offerings covering internet, mobile, and SWIFT services. Prior to HSBC, Treacher held leadership positions at Citigroup and Accenture. “Since the early days of the web, I’ve been exploring how new technology can impact and improve banking,” Treacher said. “Ripple stood out to me as a company that has both the vision and the expertise to truly transform the future of banking and payments, and I’m excited to join the team during this important moment in time where banks are starting to see the need for these advancements to better serve their customers.”
Treacher also brings experience working with global industry communities, organizations and governments to shape new financial and payment practices. He chaired SWIFT’s global advisory body for corporates from 2010 to 2016, and most recently launched an innovation center in collaboration with the Monetary Authority of Singapore.
“Marcus brings a tremendous amount of experience working within financial institutions to implement and create better systems for payments, and we’re proud to have him join our team,” said Ripple CEO and cofounder Chris Larsen. “Throughout his career he’s created new roles and initiatives to help banks stay ahead of the trends, and his insights and expertise will be invaluable as we help our customers improve the way value moves around the world.”
Treacher will join Ripple’s European headquarters in London where he’ll apply his extensive background in payments and banking infrastructure to help implement and commercialize Ripple’s distributed financial technology on a global scale.
Ripple provides global financial settlement solutions to ultimately enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly without correspondent banks and with real-time certainty, optionally using the digital asset XRP to further reduce liquidity costs. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join its growing, global network of financial institutions and market makers.
Ripple is a venture-backed startup with offices in San Francisco, New York, London and Sydney. As an industry advocate for the Internet of Value, Ripple sits on the Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group.