Barclays UK CEO Matt Hammerstein new chair of MaPS Advisory Group

Matt Hammerstein, CEO Barclays UK, is now Chair of the Money and Pensions Service’s Advisory Group, effective from 1 July 2022, taking over from Vim Maru, who steps down after more than two years in the role.

The Advisory Group, established in May 2020, helps ensure that MaPS delivers on its vision of everyone making the most of their money and pensions, and provides input, oversight and ongoing challenge on progress towards the UK Strategy for Financial Wellbeing’s ten-year goals.

The group meets quarterly to advise and assist the MaPS Executive and Board in delivering its vision of everyone making the most of their money and pensions. Members also act as ambassadors for the Strategy, and for the development and sharing of good practice.

Sir Hector Sants, MaPS Chair, said: “I am delighted that Matt has agreed to chair our Advisory Group; he has been a valued member of the Group since it began, and his expertise, knowledge of the financial service sector and experience is invaluable as we navigate uncertain times for people’s financial wellbeing. As cost-of-living pressures are affecting people throughout the UK, it has never been more important for us to work together on helping people make the most of their money and pensions, driving progress towards our national goals across financial education, savings, use of credit, access to debt advice and planning for and in later life.

“I would like to take this opportunity to thank Vim Maru for his instrumental role in the Advisory Group – for his leadership, challenge and support for MaPS – and wish him the very best for the future.”

Matt Hammerstein, CEO Barclays UK and incoming Chair of the MaPS Advisory Group, said: “I’ve seen first-hand how the work of the Money and Pension Service is helping people make the most of their money and pensions. The MaPS strategy has even more importance now, as the UK navigates the impact of the rising cost of living on people’s finances. As Chair of the MaPS Advisory Board, I look forward to ensuring that the UK Financial Wellbeing Strategy is as successful as possible, leveraging the expertise and passion of a talented group of experienced professionals.”