MasterCard Worldwide today announced three key executive moves in an attempt to harness growth opportunities in emerging markets.
Ajay Bhalla will move from being division president for South East Asia to president of DataCash and will be based in the UK. The shift will be effective June 6, 2011.
Matthew Driver will replace Bhalla with immediate effect, and will be responsible for leading MasterCard’s business in Singapore, Malaysia, Thailand, the Philippines, Indonesia and Indochina.
T V Seshadri will take up the position of General Manager of South Asia and Country President, India, responsible for promoting MasterCard’s business in India, Sri Lanka, Bangladesh, Nepal, Bhutan and the Maldives. During his 14 years with MasterCard, Seshadri has held several roles overseeing operations in South East Asia, and in country management in Singapore and South Asia. He has been credited with many successes, including spearheading the introduction of many innovative card products and new payment alternatives such as mobile commerce, as well as launching initiatives in e-commerce & chip design.
