Visa has announced that it has appointed JPMorgan Chase executive Ryan McInerney as its new president. As a result, JPMorgan Chase has named Barry Sommers as its new CEO of the Consumer Bank at Chase to replace McInerney.
Having previously served as Chase’s CEO of consumer banking McInerney will report directly to Visa CEO Charlie Scharf in his new role. McInerney will replace John Patridge, who announced his retirement last year.
“I have worked closely with Ryan for many years and know him to have extensive payments knowledge, be a tremendous leader and a great executive capable of motivating and managing large groups of people. I am confident he will be a great fit and asset to the organization.” Scharf said in a release. “As Visa seeks to find new ways to partner with and add value to our clients, I believe Ryan’s client focus and deep understanding of the industry will be invaluable.”
Visa also appointed Elizabeth Buse as its first head of global solutions, where she will lead CyberSource, merchant sales and merchant solutions function build-out. Bill Sheedy will lead corporate strategy, mergers and acquisitions and government relations for Visa.
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