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New Head of Policy and Chief Economist start work at the PSR

Published 28 11 2018

The Payment Systems Regulator’s (PSR) new Head of Policy, Chris Hemsley, started work this week. In addition, Matthew Cherry has also begun in his new role as the PSR’s Chief Economist. Matthew is a senior manager at the PSR and also served as Interim Head of Policy until Chris’ arrival.  
As Head of Policy, Chris will be responsible for leading the development of regulatory policy. He’ll work with industry, consumer groups and the PSR’s various stakeholders to develop and implement policies that will deliver the PSR’s objectives.   
Chris has extensive experience working for UK regulators. He joins from his role as Deputy Director of Railway Markets and Economics and Chief Economist at the Office of Rail and Road. Previously, Chris led the implementation of the UK government’s support scheme for large-scale renewable electricity generation and before that, led the Civil Aviation Authority’s work on competition and consumer protection.  
Chris Hemsley said: 

“I’m delighted to be joining the PSR at a very interesting time for the regulator. With so many innovations and changes happening in the payments industry, I’m looking forward to contributing to the PSR’s significant programme of work that ultimately affects us all on a day-to-day basis.”  

The second appointment to be confirmed is Matthew Cherry as the PSR’s new Chief Economist. Matthew has been working for the PSR for some time, leading the development of key policies. He will now focus on promoting the PSR’s economic analysis, along with new initiatives.  
Matthew Cherry, the PSR’s Chief Economist, said: 

“As Chief Economist, my focus will be on further developing the economics function within the PSR - basing our wide ranging and varied work with a robust economic framework, and developing a centre of excellence and place for expert economic thought and analysis.” 

Hannah Nixon, Managing Director of the PSR, said: 

 “Chris will bring invaluable insight and experience to our work as we continue to grow and develop, drawn from a wide range of regulatory experience at the ORR, Civil Aviation Authority and Ofgem. 
“Matthew has been a key member of my leadership team over the last few months and I’m very pleased that he now leads the organisation on developing our economic thinking.” 


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