Ripple, the provider of distributed ledger financial settlement solutions, has announced the employment of Marcus Treacher as Global Head of Strategic Accounts.

Treacher apparently has more than 30 years of experience in transaction banking and payment system technology, including 12 years in global leadership roles at HSBC. He also served as a member of the Global Board of SWIFT from 2010 to 2016.

Treacher 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.

Earlier in his career, Treacher served as HSBC’s Global Head of eCommerce for Transaction Banking, where he led the establishment of corporate and commercial digital offerings covering internet, mobile, and SWIFT services. Prior to HSBC, Treacher held leadership positions at Citigroup and Accenture.

Ripple CEO and co-founder Chris Larsen commented on Treacher’s appointment:

“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. 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 will work out of Ripple’s European headquarters in London to help implement and commercialize Ripple’s distributed financial technology on a global scale.

Treacher added:

“Since the early days of the web, I’ve been exploring how new technology can impact and improve banking. 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.”