Andrew McCormack Appointed Inaugural CEO of Nexus Global Payments

Nexus Global Payments (NGP) has appointed Andrew McCormack as its inaugural CEO following an extensive global search process facilitated by an international talent acquisition firm.

NGP is a not-for-profit organisation established by the initial first mover central banks.

This includes the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore and the Bank of Thailand, to operationalise and manage the Nexus multilateral instant cross-border payments scheme.

McCormack has more than two decades of senior leadership experience across global payments, digital infrastructure, and financial innovation.

He most recently served as COO of Etihad Payments, the national payments entity of the United Arab Emirates, where he played a key role in modernising the country’s domestic payment infrastructure.

Prior to that, he was the founding Centre Head of the BIS Innovation Hub in Singapore and Chief Information Officer at Payments Canada, where he led the delivery of the country’s real-time payments platform.

Based in Singapore, McCormack will oversee NGP’s strategic direction, operations, and international growth as it implements a modern blueprint for cross-border interoperability.

“NGP and its transition Board are delighted to welcome Andrew as its inaugural CEO.
Andrew brings deep expertise and a strong track record in the faster payments space, combined with proven experience in building and leading early-stage growth institutions. This makes him uniquely well-qualified to lead NGP,”

said Benjamin Lee, Interim Director of NGP.

“Nexus will dramatically transform cross-border payments, and it is my honour to be selected to lead this important initiative.
The design phase is complete, and the focus is now on building a world-class company and payments platform for the future,”

said Andrew.

For more on Andrew McCormack’s views on the region’s payments landscape, watch our earlier Fintech Fireside Asia discussion: Is Southeast Asia Entering its Golden Era of Payments?