Previously, Howells was a Director of Ernst & Young’s Financial Services business and head of Benefits and Pensions Consulting at Capgemini.

LINK chairman Ken Andrew said he is delighted that John Howells has agreed to become the new chief executive of the LINK Scheme.

"He comes to us with an outstanding set of skills and expertise, which will be much valued by members of the LINK Scheme. His previous career has given him a background which will be of importance to the Scheme," Andrew said.

Howells said ready and reliable access to cash is vital for UK consumers and businesses. He looks forward to working with Members in developing LINK’s strong track record for innovation and delivery in the provision of this service.