Payments Canada Announces Matthew Parker-Jones and Kevan Cowan as New Board Members

Payments Canada is pleased to announce the election of Matthew Parker-Jones and Kevan Cowan to its Board of Directors.

Payments Canada confirmed that Matthew will serve as a Member Director and Kevan as an Independent Director on the board.

Payments Canada further noted that Matthew Parker-Jones is Senior Vice President, Global Transaction Banking at Scotiabank. In this role, he is responsible “for global cash management products, operations and client service.”

Kevan Cowan is an executive in “the financial services industry, specializing in capital markets. With over 30 years of experience, he has been involved in operational, strategic, regulatory and policy aspects of Canadian capital markets.”

Payments Canada further noted that Kevan previously “served as Chief Executive Officer of the Capital Markets Authority Implementation Organization, where he led efforts to establish a pan-Canadian securities regulatory authority, and currently serves as the Chair of the Board for the Ontario Securities Commission.”

As mentioned in the update from Payments Canada, the following directors are also returning to the board:

  • Saigin Govender, Independent Director
  • Fariba Rawhani, Independent Director
  • AnneMarie Ryan, Independent Director

Payments Canada would like to acknowledge the contributions and efforts of  “outgoing board members David Barnard, Stéphane Achard and Grant MacKenzie for their time and expertise dedicated to the board and Payments Canada.”

Two of the three vacant seats on the board have been filled. Payments Canada looks forward to working with its new and returning board of directors, “along with the representatives of its advisory councils and its regulators, to ensure Payments Canada remains well-positioned for the future.”

Under the leadership of the Chair of the Board, 12 directors are “elected in accordance with the Election of Directors Regulations and are charged with governing and managing the affairs of the organization.”

The board of directors delivers a critical function “to the success of the Canadian payment systems and in turn, the economy.”

As set out in the Canadian Payments Act, Payments Canada’s board of directors is “composed of a majority of independent directors, augmented with member directors.”

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