MasterCard announces senior appointments in China

Stocks and Financial Services Press Releases Friday July 1, 2016 16:27
Singapore--4 Jul--Asian Banker

Singapore -- MasterCard today announced the appointment of four senior executives in China, to lead MasterCard forward in one of the company's most significant and the world's largest markets. In gathering an increasing number of talented leaders in China, the company is strengthening its commitment to drive economic growth that benefits all.

Julie Yang will become Senior Vice President, Core Business, China, and take responsibility for the overall performance of MasterCard in the market. In her new role, she will fully leverage her experience of managing market portfolios and market development to fully drive the customer payment business in China with world class products and solutions. As an employee of more than 20 years, Julie's most recently held the position of Group Head for Business Expansion and Expert Sales in Asia Pacific, holding regional responsibility for the sales of Commercial Payment Solutions, Prepaid, Payment Gateway, Merchant Fraud Solutions, Credential Management, and Digital Wallets. Julie was head of MasterCard's Taiwan market prior to this regional role. During her time as head of Taiwan, she led more than 30 banks in advocating for payment innovation and promotion of card acquisition and usage.

Shawn Zheng will join MasterCard as Senior Vice President, Account Management, MasterCard China, and lead account managements for China. A veteran in strategy, sales, and analytics with 30 years of experience in finance, IT and manufacturing, he will be leading account management teams across China and working with various teams within MasterCard to support business growth of issuing banks of China. Prior to joining MasterCard, Shawn was a Vice President and Managing Director for IBM in China and the US, responsible for IBM's overall business, across all product and service lines. In addition, he managed the company's partnership with one of the largest banks in China, a key and strategic client of IBM's. Before joining IBM in the US, Shawn held roles in business development in Singapore.

As the current Head of Market Development of Greater China for MasterCard, Grace Chan will be appointed as Senior Business Leader, China Consumer Products Lead, Product Management. Grace has been with MasterCard for over 5 years, and in her new role, she will lead the development, commercialization and management of payment solutions that create sustainable competitive advantage for MasterCard and its customers in China. She joined the company from HSBC where, for over a decade, she held a range of functional roles across business development, portfolio management, product development and retail bank branch management in the retail and private banking businesses.

Regina Cheung, will join MasterCard as Senior Business Leader, China Operations & Technology Lead. Closely working with the O&T function in Asia Pacific and global headquarters, Regina will be responsible for driving technology strategy, and providing overall direction and leadership for technological operations to meet the demands of MasterCard's customers in China. With over 30 years in technology and operations in the financial sector, Regina has served in significant leading roles throughout her career at various leading financial institutions in the Asia Pacific region and China, also successfully leading information system strategy for banks.

Julie Yang, Shawn Zhang, Grace Chan and Regina Cheung will work closely with Dennis Chang, Division President of China for MasterCard, as well as MasterCard's global and regional leadership team, to build on partnerships with domestic banks, consumers, businesses and government, to provide the best payment products and solutions that benefit all stakeholders in China.

"The new appointments to MasterCard's management team in China will strengthen the capabilities of the company's solid leadership," said Dennis Chang, division president, China, MasterCard. "Leading one of our most significant markets worldwide, the new management team will fully leverage our expertise, insightful know-how, and industry experience to build strong partnerships, and pave our way towards more success in China. The new management team will tap in to the enormous potential of the market by providing strategic direction and support for delivery of advanced products and services.

With this new reorganization, MasterCard is accelerating to build upon our strong business momentum throughout the region." (July 1, 2016)--

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