Reorganizes Region in Recognition of the Strategic Importance of Biggest Markets – India and China
NEWS: #MasterCard Announces Co-Presidents for #AsiaPacific http://news.mstr.cd/1JZjrAp
Singapore, 18 June 2015 – MasterCard today announced the appointment of two Co-Presidents for the Asia/Pacific region – Ling Hai and Ari Sarker. The reorganization is in recognition of the growing importance of Asia/Pacific as a whole as it houses two of the region’s biggest markets – China and India – and reflects a more focused approach for these diverse markets.
Ling Hai will oversee North East Asia and Australasia. He was most recently Group Executive of Enterprise Development, International Markets for MasterCard. Ling Hai joined MasterCard in 2010 as Division President of Greater China and has over 22 years’ industry experience, including in financial services and consulting, across a number of markets.
Ari Sarker will lead the South East Asia and South Asia region. He has been with MasterCard for over four years and was most recently MasterCard’s Division President for South Asia and Country Corporate Officer, India. He also has over 22 years of experience spanning the finance, commercial, and M&A sectors in senior management roles across key markets in the Americas, Europe and Asia Pacific.
Both Ling Hai and Ari will be based in Singapore, and together they will be taking over from Vicky Bindra, President, Asia/Pacific, who will be leaving the company.
Commenting on the appointments, Ann Cairns, President, International Markets, MasterCard said: “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.
“We would also like to acknowledge and thank Vicky for his contribution to the growth of the Asia/Pacific, Middle East & Africa markets in MasterCard over the last six years, and we wish him the best in his future endeavors,” Cairns added.
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardAP and @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
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