Singapore – Global digital payments company Visa has made two senior leadership changes for its Asia-Pacific operations, with Chris Clark being promoted from regional president to chairman of APAC and Stephen Karpin being appointed as his successor as regional president of APAC.
As its new chairman, Clark will support Visa’s regional and global initiatives, including strategic engagements with government and industry stakeholders, driving Visa’s market expansion strategy, and resuming his role as a non-executive director of the Visa Europe Board.
Clark also shared his excitement over taking on the new role.
“Over the last ten years as Regional President for Visa Asia Pacific, I have been committed to expanding the reach of electronic payments and growing our business by forging strong client and partner relationships, driving digital innovation in the regional payments ecosystem and building new partnerships with established and start-up fintechs, all supported by an amazing team of great payments professionals,” he said.
Meanwhile, Karpin will be responsible for Visa’s full business operations, client management, and go-to-market plans for the region and will be based in Visa’s Regional Headquarters in Singapore.
Karpin will also be bringing with him his extensive experience in the payments industry and knowledge of Asia Pacific markets.
“In addition to his expansive business aptitude, Chris is known for his deep commitment to our clients and teams across our markets. I look forward to following the path he has set, continuing to work closely with our clients and partners, expanding our relationships and ensuring that Visa Asia Pacific remains among the best places to work and achieve,” said Karpin.
Both appointments will be effective on April 1 this year.
Last September, Visa also appointed Jeff Navarro as its country manager for the Philippines and Guam.