The Clearing House, the bank-owned operator of the RTP network, has appointed David Watson as its new president and CEO beginning Feb. 1, the New York-based organization announced Tuesday.
The move comes as longtime TCH president and CEO Jim Aramanda prepares to retire after leading the organization for the last 15 years, TCH said in a press release.
Watson has spent the last three years in various executive roles at Swift, the Society for Worldwide Interbank Financial Telecommunication, where he was recently appointed chief product officer. Previously, Watson spent 17 years at Deutsche Bank in different executive positions, rising to global head of digital products.
"David brings extensive payments experience, in-depth expertise in the field and a strong track record of innovation," Brian Moynihan, CEO and chairman of Bank of America, one of 24 banks that own TCH, said in a press release. Moynihan is also chair of the TCH supervisory board.
Moynihan noted that during his tenure, Aramanda oversaw the launch of several payments innovations, including the 2017 launch of RTP's real-time payments service.
The Federal Reserve is expected to launch its FedNow instant payments service this year, as a variety of
