MasterCard has appointed Ling Hai and Ari Sarker co-presidents for the Asia/Pacific region and has also created two new sub-regions North East Asia and Australasia (NEAA) and South East Asia and South Asia (SEASA).
The creation of the two new sub-regions, along with the new appointments, marks the growing importance of the Asia/Pacific region. That should come as no surprise considering the region is home to two of the world’s biggest markets – China and India. The creation of the sub-regions suggest MasterCard is prepared to take a much more focussed and detailed approach to these markets.
Ling Hai will be the president of NEAA. Prior to his appointment he was the MasterCard Group executive of Enterprise Development, International Markets.
Ari Starker will be president for SEASA. He has been at MasterCard for more than four years and most recently was the division president for South Asia and Country Corporate Officer, India.
The co-presidents will be based in Singapore and are taking over from Vicky Bindra, president, Asia/Pacific, who will be leaving the company.
“We see enormous potential for the Asia/Pacific region and with this new regional reorganization we intend to further build on our already strong business momentum across the overall geography. Both Ling Hai and Ari have a strong and successful track record in MasterCard and we look forward to them leading the next wave of growth for us,” said Ann Cairns, President, International Markets, MasterCard.
Alexander Filshie, a mentor to ICAEW's Financial Talent Executive Network, handed the newly created CFO role at Worldfirst
The personal finance startup has added another banking heavyweight to its board of directors, raising $5m in the process.
The payments processing startup has moved quickly to allay concerns over its CEO's ability to run two multi-billion companies by adding heavyweight financial experience to the company leadership.
Visa has hired former Acting US Trade Representative Demetrios Marantis from Square as senior vice president, Global Government Relations.