Mastercard Names Richard Verma Executive Vice President of Global Public Policy and Regulatory Affairs
December 01 2020 - 8:45AM
Business Wire
Mastercard today announced the appointment of Richard Verma as
Executive Vice President, Global Public Policy and Regulatory
Affairs where he will oversee the company’s public policy,
regulatory affairs and litigation teams around the world, reporting
to Tim Murphy, General Counsel, Mastercard.
Verma brings over 25 years of international experience across
senior levels of business, law, diplomacy, and the military. He
joins Mastercard from The Asia Group, where he served as Vice Chair
and Partner. He is the former U.S. Ambassador to India, a position
he held from 2014 to 2017. In addition, Verma was the Assistant
Secretary of State for Legislative Affairs, where he led the
Department’s efforts on Capitol Hill, and was the former National
Security Advisor to the Senate Majority Leader for many years.
“Rich is a proven leader with extensive experience in public
policy, geopolitics, trade and international law,” said Ajay Banga,
Chief Executive Officer, Mastercard. “In his role as U.S.
Ambassador to India, Rich oversaw one of the largest U.S.
diplomatic missions in the world and took integral steps to deepen
bilateral ties.”
“With his expertise and strong relationships worldwide, Rich
will be a key counselor to industry leaders and governments on the
global move to a digital economy. We look forward to working
closely with Rich to build on our strong foundation,” said
Murphy.
Ambassador Verma is a veteran of the U.S. Air Force, and a
recipient of multiple awards and decorations, including the State
Department’s Distinguished Service Award. He is currently a Senior
Fellow at Harvard University’s Belfer Center for Science and
International Affairs and he serves on several boards and
commissions, including the National Endowment for Democracy and
Lehigh University. He holds degrees from Georgetown University
(Ph.D.), the Georgetown University Law Center (LLM), American
University’s Washington College of Law (JD), and Lehigh University
(BS).
About Mastercard (NYSE:MA)
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
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Communications: Seth Eisen Seth.Eisen@mastercard.com
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