Victoria Cleland

Executive Director for Banking, Payments and Innovation


Victoria Cleland is the Executive Director for Banking, Payments and Innovation. She leads the teams responsible for:

  • the operation and strategic development of the Bank’s payment system services, including the UK’s real‐time gross settlement infrastructure (which settles over £700bn of sterling payments and securities transactions each working day)
  • our wholesale and retail banking operations, including the provision of emergency liquidity assistance
  • the leadership of the Bank’s Fintech Hub

Victoria a member of the Bank for International Settlement’s Committee on Payments and Market Infrastructures. She is also a member of the Bank of England’s RTGS/CHAPS Board, which provides strategic leadership for our RTGS (real-time gross settlement) infrastructure and CHAPS payment system.

Victoria has held several senior positions in a range of areas at the Bank of England. Most recently, as Chief Cashier, she was responsible for banknotes (from design to distribution) and led our work on digital currencies.

Before that she was Deputy Head of the Special Resolution Unit, and previously Private Secretary to the Deputy Governor. Her previous roles also included overseeing payment and settlement systems, financing small businesses and graduate recruitment.

Victoria is the executive sponsor of our staff disAbility Network and Bicycle Users Group and is a Board Member of the Business Disability Forum.

Victoria has a degree in philosophy, politics and economics from Oxford University and Masters in Business Administration (MBA) from Imperial College London.

This page was last updated 11 March 2022

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