Mastercard Taps Richard Verma to Lead Global Public Policy and Regulatory Affairs

​The leader in global payments Mastercard announced that it has appointed Richard Verma as Executive Vice President, Global Public Policy and Regulatory Affairs, overseeing the company's public policy, regulatory affairs and litigation teams around the world and reporting to Tim Murphy, General Counsel, Mastercard.

Verma brings to the role over 25 years of international experience across senior levels of business, law, diplomacy, and the military.

Before joining Mastercard, Verma served as Vice Chair and Partner in The Asia Group. 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.