Victoria Cleland

Executive Director for Banking, Payments and Innovation

Biography

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 around £685 billion of sterling payments and securities transactions each day)
  • our wholesale and retail banking operations, including the provision of emergency liquidity assistance

Victoria is the chair of the Committee of Payments and Market Infrastructures Task Force on Cross Border Payments. She is also a member of our 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 21 August 2020

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