Open Banking’s Selene Brett joins Yapily’s executive team

Selene Brett, the Open Banking Implementation Entity’s (OBIE) former general counsel and chief secretary, is joining Yapily as its new chief legal officer.

The open banking infrastructure provider is bringing Brett on to be responsible for “leading the legal, risk, and compliance functions to deliver strategic advice, improve efficiency, and stimulate growth”.

Brett previously worked at Aon, Royal London, consumer champion Which? and most recently the OBIE until January this year.

Her departure from OBIE continues the reshaping of the organisation’s leadership team.

Henk Van Hulle, a long-serving executive from the Post Office, was brought on as OBIE’s first CEO in February.

Debbie Lombard was also brought in as a new People and HR Director.

Bringing experience from financial services, fintech and open banking after an extensive career in legal advisory services, Yapily has said Brett will play a key role in expediting the company’s strategic growth plans.

“I’m delighted to welcome Selene to our executive team, bringing a wealth of knowledge and experience to the role,” founder and CEO of Yapily,Stefano Vaccino, said.

“As we grow and mature as a company, Selene will play a pivotal role in our company’s direction, commercial agreements, and strategies to enable rapid growth.” 

Brett’s appointment follows the company’s Series B funding raise of $51m led by Sapphire ventures last summer as part of plans to expand across Europe and beyond.

“I am a huge believer in the transformative power of open banking for the benefit of consumers and businesses. It’s why I can’t wait to continue to play my part in the open banking ecosystem,” Brett said.