Former US Ambassador to India Richard Verma has been appointed as General Counsel and Head of Global Public Policy of Mastercard, according to an announcement by the American multinational financial services corporation.
The announcement on Thursday from Mastercard came as it appointed Tim Murphy, the company's general counsel, to the newly created position of chief administrative officer.
Mastercard said Verma, currently executive vice president for Global Public Policy and Regulatory Affairs, has been promoted to General Counsel and Head of Global Public Policy.
He will now lead the company's core legal and regulatory functions, as well as its global and regional public policy teams. Verma will also join the Mastercard's Management Committee, the media release said.