Former CEO and Chairman of UK payment infrastructure Vocalink, David Yates, has joined the board of directors of Quant, the digital finance pioneer.
Mr Yates has more than three decades of leadership experience in payments and financial technology. After serving as chief executive of Vocalink between 2012 and 2017, where he led its transformation from a domestic, bank-owned infrastructure company into a competitive international business, Yates successfully negotiated Vocalink’s sale to Mastercard. He then served as president of Mastercard’s New Payment Platforms.
Yates’ was earlier President at Western Union and First Data. He has served on the boards of WorldPay, Concardis, Equiniti, NIUM and eNett. He also worked as Operating Partner for Advent International, Temasek and Siris Capital.
Quant will leverage Yates’ expertise as it builds on its track record of supporting large institutions in the digitisation of assets. Notable recent projects include collaborating with the Bank of England and the Bank for International Settlements on Project Rosalind to explore the use of central bank digital currencies, and UK Finance’s Regulated Liability Network, a multi-bank project which explored new capabilities for payments and settlement, including tokenisation and programmability.
Gilbert Verdian, founder and CEO of Quant, comments: “We’re committed to helping financial institutions transition to digital finance and, in so doing, unlocking liquidity and revolutionising the way money and assets are moved, managed, and understood. We welcome David to our board and look forward to working with him.”
David Yates, member of the board of directors at Quant, comments: “By integrating programmability into payments, we can bring greater efficiency, transparency, and innovation to banks and their customers alike. However, the industry’s infrastructure needs bold transformation to support these advances. I’m excited to work with Quant, a company that has proven it knows how to deliver true digital finance.”
