Ripple, the financial settlement solutions provider, has announced the appointment of industry veteran Marcus Treacher as Global Head of Strategic Accounts, who will join Ripple’s European headquarters in London.

With over 30 years of experience in transaction banking and payment system technology, Treacher will help implement and commercialize Ripple’s distributed financial technology on a global scale.

“Marcus brings a tremendous amount of experience working within financial institutions to implement and create better systems for payments, and we’re proud to have him join our team,” said Ripple CEO and co-founder Chris Larsen. “Throughout his career he’s created new roles and initiatives to help banks stay ahead of the trends, and his insights and expertise will be invaluable as we help our customers improve the way value moves around the world.”

Treacher has served 12 years in global leadership roles at HSBC. He joins Ripple from his recent position as HSBC’s Global Head of Payments Innovation where he established a new team focused on applying emerging fintech to solve customer challenges in digital payments, trade and supply chain. Projects under his leadership included establishing an alternative to traditional models for international mobile payments, and driving the adoption of blockchain and distributed ledger technologies.

Prior to HSBC, he held leadership positions at Citigroup and Accenture. In addition, Treacher also brings experience working with global industry communities, organizations and governments to shape new financial and payment practices. He is a member of SWIFT Board of Directors and chaired SWIFT’s global advisory body for corporates from 2010 to 2016, and most recently launched an innovation center in collaboration with the Monetary Authority of Singapore (MAS).

“Since the early days of the web, I’ve been exploring how new technology can impact and improve banking,” Treacher said. “Ripple stood out to me as a company that has both the vision and the expertise to truly transform the future of banking and payments, and I’m excited to join the team during this important moment in time where banks are starting to see the need for these advancements to better serve their customers.”