Barclays appointed Amazon Europe Payments Manager Antoine Etienne as CEO of its point-of-sale finance (POS) division and legal entity, Clydesdale Financial Services Ltd (CFSL), effective October 4, the bank said on a Thursday, September 23. Press release.
Stephen has over 25 years of experience in payments and financial services and is currently the Managing Director and Managing Director of Amazon Europe, a role he has held for over three years. During his tenure, he led a $ 50 billion portfolio of payments products – credit cards, installment loans and the financial services market.
Prior to this role, Stephen was CFO of Amazon’s Global Payments division for two years. He was also general manager of stress testing and competitive analysis at JPMorgan Chase for almost two years, and senior vice president at Capital One for a decade.
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âIt’s an incredibly exciting time for point-of-sale financing – while the core business model has been around for a long time, it has grown in popularity and importance in recent years, thanks to technological advancements and changes in consumer behavior. customers, Stephen said in the ad.
“With its unrivaled network of consumers and major retailers, Barclays recognizes the fantastic opportunity it has to dominate the market,” he added.
As CEO, Stephen will work to grow the UK point-of-sale finance business and extend senior management advice to Barclays Cubed, the bank’s next-generation commerce platform. He will report to Ruchir Rodrigues, director of Barclays Cubed and Consumer Bank Europe.
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Rodrigues said Stephen’s experience with Amazon and âhis passion for customer focusâ will steer the company into the future.
âHis vision and leadership will add immense value to the team as we continue to create tangible value for the consumers and merchants we serve. “
Barclays Cubed uses advanced digital and data technologies to create a âvalue exchange ecosystemâ between the bank’s customers and its SME and business customers. The division was central to the bank’s Â£ 900million revenue growth opportunity in the first quarter in payments.