Security News > 2020 > December > Mastercard appoints Richard Verma as Executive VP of Global Public Policy and Regulatory Affairs

Mastercard 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.

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.

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.

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