Paul Fabara Joins American Express as Executive Vice President, Global Credit Administration

NEW YORK, --

American Express today announced that Paul Fabara has joined the Company as Executive Vice President, Global Credit Administration. In this role, Mr. Fabara is responsible for worldwide credit, collections and fraud operations. This position was previously held by Larry Sharnak, who announced his retirement in September 2010. Mr. Fabara, who is based in New York, reports to Steve Squeri, Group President, Global Services.

“Paul is a terrific addition to American Express, and we are very pleased to have him in this important role,” said Mr. Squeri. “Paul brings a truly global view, having run multiple worldwide businesses and worked in both the U.S. and the UK. He has deep credit and operations experience, honing his management skills at firms including Barclays, Alliance Data Systems and Providian. In addition, he is an exceptional people leader with excellent collaboration skills.”

“This is a wonderful opportunity to join a world-class company that’s focused on serving our customers around the world,” said Mr. Fabara. “I have been most impressed with American Express’ ability to collaborate across all levels to create innovative solutions for customers. I look forward to continuing our momentum in the Global Credit Administration organization with delivering best-in-class credit and fraud operations,” said Mr. Fabara.

Mr. Fabara joins American Express from Barclays Bank Plc in London where he most recently served as Managing Director and Global Head of Operations, Regulatory, Implementation and Planning. In this role, he oversaw all large regulatory programs across the bank to improve speed of delivery, quality and cost. Mr. Fabara also served as Global Chief Operating Officer of BarclayCard, managing all aspects of card operations and technology, including fraud and collections. Prior to Barclays, Mr. Fabara was Senior Vice President and Chief Operating Officer, Credit Services at Alliance Data Systems, and also held roles of increasing responsibility in credit and collections at Providian Financial Corporation/Providian Bancorp.

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