Victoria Cleland

Victoria Cleland

Executive Director for Banking, Payments and Innovation, Bank of England

Victoria Cleland is the Executive Director for Banking, Payments and Innovation. She leads the teams responsible for:

  • the operation and strategic development of our payment system services, including the UK’s real‐time gross settlement infrastructure (which settles over £600 billion of sterling payments and securities transactions each day)
  • our wholesale and retail banking operations, including the provision of emergency liquidity assistance

Victoria is a member of our RTGS/CHAPS Board, which provides strategic leadership for our payment systems: RTGS (real-time gross settlement) and CHAPS (Clearing House Automated Payment System).

Victoria has held several senior positions in a range of areas at the Bank of England. Most recently, as Chief Cashier, she was responsible for banknotes (from design to distribution) and led our work on digital currencies.

Before that she was Deputy Head of the Special Resolution Unit, and previously Private Secretary to the Deputy Governor. Her work included overseeing payment and settlement systems, financing small businesses and graduate recruitment.

Victoria is the executive sponsor of our staff Disability Network and Bicycle Users Group. She is a Vice President of the Royal Society for Blind Children.

Victoria has a degree in philosophy, politics and economics from Oxford University and master of business administration (MBA) from Imperial College London.


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