David Gagie has joined the FCA as our newest Senior Adviser, focusing on Consumer Credit.
With extensive experience in the consumer lending, banking, credit card and internet payments industries, David has advised businesses in the US, Canada, South America and Europe on consumer lending business strategy and risk management.
David is a former member of LloydsTSB’s Retail Banking board, where he was responsible for credit cards, personal loans and overdrafts, current accounts, payments and card acquiring and the ATM network.
Having held board-level roles at Mastercard UK & Europe, David has global payments industry experience. David helped develop the banking strategy for PayPal US, and ran the e-wallet business for Neovia plc in Europe and Asia Pacific.
David said:
“This is a critical time for the regulation of consumer credit and, more than ever, consumers need to be properly protected. I very much look forward to contributing to this goal as part of the FCA team.”
Until recently, David was a non-executive director on the ING Direct UK advisory board. He is currently a non-executive director of Payzone Group a pan European payments processing and ATM network business; a founder/director of PaySwyft which provides cloud-based electronic bill payments services in the UK, US and Australia; a founder/director of MyWorkSearch, a cloud-based business providing services to the employment sector; and is advising Itemize Corp, a US based receipts and invoice data processing company.
Clive Adamson, Director of Supervision, said of David’s appointment:
“I am delighted that David Gagie will be joining the FCA as a senior advisor. He has considerable experience to bring to bear on the regulatory changes and issues that we face in the consumer credit sector.”