The Clearing House appoints David Watson as CEO
The Clearing House (TCH) has appointed David Watson as its new CEO, succeeding Jim Aramanda, who will be retiring in early 2023.
Aramanda served as president and CEO of TCH for 15 years, and will be succeeded by Watson, who joins TCH from Swift, where he most recently served as chief product officer.
Watson will take up his new role from 1 February 2023, and will be tasked with driving adoption of real-time payments capabilities, with a focus on the safety, security, reliability and efficiency of bank-owned payment systems.
Bringing over 20 years of experience to the new role, Watson most recently served as chief product officer and chief strategy officer at Swift for nearly four years, where he was responsible for Swift’s product development, strategic planning, thought leadership, and execution of strategic initiatives.
Prior to that, he worked at Deutsche Bank for nearly 17 years, where he served in various capacities including head of cash management and global head of product development.
Commenting on the transition, Brian Moynihan, Bank of America chair and chief executive officer and chair of the TCH supervisory board, says: “During Jim’s tenure, TCH continued its critical role in delivering ultra-reliable payments capabilities to the US financial system, but importantly, also introduced innovative new payments capabilities. This includes the RTP network, which is now delivering real-time payments capabilities.”
“David brings extensive payments experience, in-depth expertise in the field, and a strong track record of innovation,” adds Moynihan.
In August 2022, payments veteran Steve Ledford also retired and left TCH after serving the company for nine years.