Former CBA and Westpac CIO to chair NPP

  • By Kate Weber

The former chief information officer of the Commonwealth Bank and Westpac Bob McKinnon, has been appointed as chair of New Payments Platform Australia (NPPA) .

With a career spanning 40 years, McKinnon has a portfolio of Board appointments ranging across financial services, technology, wealth management, property, civil engineering and the not-for-profit sector.

CEO of NPP Australia, Adrian Lovney, said it was McKinnon’s multifaceted career that led the NPPAL Board to determine him as the right fit.

“Bob’s extensive leadership skills have been garnered from a highly respected career in multiple senior executive roles of major ASX listed companies.

“Bob has also founded and held board positions in organisations focused on developing and delivering disruptive innovation in the financial services sector. His experience and insight will be a valuable addition to our Board” Lovney said.

Lovney also paid tribute to previous chair Paul Lahiff and independent director Chloe Munro.

After five years of service Lahiff stepped down last year creating a vacant position for McKinnon to step into.

“The Board would also like to thank Chloe for acting as NPPAL Chair, allowing us adequate time for the extensive market search required to fill the position,

“NPP Australia’s Board is extremely grateful for Paul's outstanding service as Chair. The industry collaboration required to build and launch the NPP is rarely seen in our industry and Paul’s leadership was instrumental in making it happen.” Lovney said.

Since its roll out in February 2018 the NPP had become available to more than 52 million accounts with an average of 400,000 transactions passing through the platform each day.