MasterCard Names President Of US Issuers

On Tuesday (April 5), MasterCard announced the appointment of Raj Seshadri as its president of U.S. issuers. In the new role, Seshadri will manage and expand the company’s bank and credit union partnerships throughout the U.S.

In a company statement, Craig Vosburg, MasterCard president of North American markets, said: “Raj brings a unique balance of analytical thinking and business-building creativity. Her proven strategic, leadership and customer-oriented capabilities across multiple industries will help MasterCard continue to be a strong partner to our issuers in an increasingly dynamic payments marketplace.”

Seshadri will join the company on April 11 and take on a membership role in MasterCard’s management committee as well.

Most recently, she served as the managing director of asset firm Blackrock, overseeing the company’s iShares U.S. retail ETF business. In this position, Seshadri helped the company to post industry-leading growth through its product, brand and distribution enhancements, the statement explained. She has also held positions at Citigroup in global strategy and SMB banking; U.S. Trust in marketing, strategy and M&A; McKinsey & Company; and AT&T Bell Laboratories.

“For years, I have seen the impact that MasterCard has made by bringing innovative products and solutions to the market. I look forward to building on that foundation, helping our issuing partners successfully grow their businesses, while strengthening relationships with their customers,” Seshadri said.

Seshadri’s appointment is among some other notable leadership changes MasterCard has seen in 2016, including Craig Vosburg being named president of North America markets as of Jan. 1 and the selection of Alexander N.M. Niejelow as its senior VP of public policy on Feb. 8.