Andrea Scerch has been appointed as President of Mastercard’s Latin America and Caribbean (LAC) business.

In this role, Scerch will be responsible for the strategy, direction, and overall success of all aspects of Mastercard’s operations across the region. Mastercard’s LAC regional operations encompasses 45 countries and territories, serving over 400 million Mastercard account holders through partnerships with retailers, fintechs, financial institutions, governments, and businesses.

In his new role, Scerch will report to Ling Hai, Co-President of International Markets, and will continue to be part of Mastercard’s Management Committee effective on June 1. He will be based out of the company’s LAC headquarters in Miami, Florida.

Commenting on his appointment, Scerch said: “This is an important time for Mastercard, especially in LAC where our teams have been focused on accelerating access to the products and solutions that people and organisations need to achieve long-term financial health in a digitally driven future. I am delighted to be taking the lead of such a dynamic and diverse region. Mastercard’s continued evolution as a positive enabler for growth across the region means it is uniquely positioned to unlock the benefits of the digital economy for all ecosystem players.”

He will succeed the current President of Mastercard LAC, Carlo Enrico, who has been appointed to lead Global Partnerships and Segments, an area important to the company’s strategic expansion into new segments and flows. He will report to the International Markets Co-presidents for Mastercard, Ling Hai, and Raghu Malhotra.

Prior to his current appointment, Scerch headed Mastercard’s Consumer Products and Processing area, overseeing consumer credit, debit, and prepaid products for more than five years out of New York. Before this role, he spent five years in London managing a central group of processing assets, including setting up and running Mastercard Payment Gateway Services, a successful global business that enables organisations to keep pace with the latest in digital payments.

He also led and managed operations across several countries in Central Europe as Division President for Mastercard Europe. Earlier in his career, Scerch spent nearly 10 years as a consultant with McKinsey working with large, pan-European retail banks leading strategic projects on key business topics.

“Andrea brings with him a wealth of knowledge and experience. He has a proven track record in building new and meaningful partnerships while creating a culture which fosters new thinking and new ways to deliver,” commented Ling Hai, co-president for International Markets, Mastercard.

“Andrea’s technical depth and expertise make him uniquely positioned to help address the exciting opportunities we have in LAC and to deliver on our ambitious growth plans,” Hai continued.

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