MasterCard Shuffles Its Asia Pacific Leadership Team

MasterCard announced yesterday (July 2) changes in its Asia Pacific leadership team.

The company said that as part of the reshuffling of its senior leadership in the region, Matthew Driver, president of its Southeast Asia team, will take over as group executive for global products and solutions for the Asia Pacific region. These changes went into effect on July 2. Driver has taken over the position from T.V. Seshadri, who has moved on to a newly created role as head of business process simplification in Asia Pacific.

According to MasterCard’s news release on the shuffle, Driver “will lead the development of innovative products and services that benefit consumers, merchants, business partners and governments across Asia Pacific for MasterCard. Matthew will have responsibility for Core Products, Emerging Payments, Processing Services, MasterCard Advisors, as well as Marketing and Communications in Asia Pacific.”

He will also be in charge of coordinating with MasterCard’s global and regional management teams, and the Asia Pacific division and sub-region presidents to “deliver leading edge electronic payment solutions and services that will further advance the company’s vision of achieving a World Beyond Cash and drive inclusive growth across all Asia Pacific markets,” the company stated.

Driver has been with MasterCard since 2002 and comes with more than 25 years in the banking, payments and business services industries. He has work experience across Asia, Europe, the Middle East and the Americas. His most recent role with the company left him in charge of managing MasterCard’s business matters for the Southeast Asia division.

As Driver takes over that role, Seshadri will focus on “integrating and coordinating efforts across Asia Pacific to ensure more streamlined collaboration.” This involves working on major infrastructure projects and being the project leader for strategic projects that involve collaboration across multiple divisions.

“The creation of Seshadri’s new role reflects the growing strategic importance of the Asia Pacific region to MasterCard,” the company wrote in its release.

“Seshadri has held several management roles within MasterCard over the last 18 years in Singapore and India. As Global Products and Solutions lead for Asia Pacific, he has helped to maximize the region’s revenue growth, ensure maximum penetration of market segments and identify strategic business-building opportunities in products and solutions for customers in the region,” according to MasterCard’s news release.

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