MasterCard Worldwide Bolsters Asia/Pacific, Middle East & Africa Leadership Team with Three New Appointments


WEBWIRE – Friday, January 04, 2013

Singapore - MasterCard Worldwide today announced three new appointments to bolster their Asia/Pacific, Middle East & Africa (APMEA) leadership teams as the region continues to show strong business growth.

Two senior management changes have been made in the region’s Global Products and Solutions (GP&S) team with TV Seshadri moving from India to Singapore as group executive, GP&S for APMEA, and Ari Sarker moving from Singapore to India to take up the role of division president, South Asia. The third appointment, Yunsok Chang, will take up a newly created role as group executive, global cross border program execution based in Singapore.

In his new role Seshadri will assume responsibilities for developing, driving and implementing product strategies and solutions for MasterCard to maximize the APMEA region’s revenue growth. Seshadri has held several management roles within MasterCard over the last 15 years in Singapore and India.

In his most recent role as division president, South Asia, he successfully spearheaded several innovative card programs and introduced new payment solutions. Prior to joining MasterCard, he spent 11 years at Bank of America working in India, Hong Kong, & Singapore.

As division president, South Asia, Sarker will provide leadership to the South Asia team to drive core business growth, executing on the nascent but fast rising emerging payments opportunities in the subcontinent. Sarker joined MasterCard in December 2010 and has been responsible for the growth of network processing under Global Products & Solutions for APMEA and across the payment value chain.

Prior to joining MasterCard, Sarker spent over 12 years with GE in a variety of senior roles in accounting, audit, corporate finance, and private equity across several key markets in the Americas, Europe, & Asia Pacific. In his last role prior to MasterCard, he led the GE Private Equity business in India.

Chang’s newly created role as group executive, global cross border program execution, will focus on shaping, planning and executing the global cross border strategy. Chang will partner to plan, co-ordinate, and measure corporate progress and execute priority initiatives, working closely with account teams, GP&S and other functions.

Chang joined MasterCard in 2003 to take on the role as ‘turnaround’ country manager for Korea. After his success in Korea, he led the APMEA advisors function before taking up his current role, spanning two and half years leading the GP&S organization in APMEA. Over this time he has built a strong team, elevated the cross border agenda, enhanced the leverage of advanced analytics, and built a stronger alignment between GP&S function and the APMEA Region.

Chang has lived, studied and worked in Australia, Brazil, Germany, Hong Kong, Japan, Korea, Netherlands, US, UK, and most recently Singapore.

About MasterCard Worldwide

MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates 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 @MasterCardNews, join the conversation on Cashless Conversations Blog and subscribe for the latest news.



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