News from the Wire

MasterCard names new overseas regions President

Monday, April 06, 2009 — 11:58:09 (EDT)

Singapore, Apr. 6, 2009 -- MasterCard Worldwide today announced the appointment of Vicky S. Bindra, 44, as president, Asia/Pacific Middle East Africa region. Mr. Bindra, who will join MasterCard on June 1, 2009, replaces Andre Sekulic, 58, who is retiring.

"For more than 20 years Andre has been a valued leader at MasterCard and was instrumental in our success in the APMEA region," said Walt M. Macnee, president, International Markets, MasterCard Worldwide. "We are extremely grateful for his years of service to MasterCard and wish him the best in his future endeavors.

"We look forward to Vicky's leadership as he brings a deep understanding of the APMEA region and a unique combination of consulting, banking and financial services experience to our organization and our customers," Macnee continued.

Mr. Bindra joins MasterCard from GE Capital, where he was CEO, President, India, since 2007. Prior to that, Mr. Bindra held several senior-level assignments at Citibank in New York and Singapore in consumer banking, credit cards, small business, sales and marketing and private banking. In addition, he was a partner at Bain & Company, leading assignments in financial services and private equity.

Mr. Bindra is a graduate of St. Xavier's College in Calcutta with a degree in finance and accounting. In addition, he is a certified public accountant and holds an MBA from the Massachusetts Institute of Technology Sloan School of Management.

Mr. Sekulic will continue to support MasterCard in an advisory capacity, and serve as a member of the APMEA Regional Advisory Board and the Strategic Payments Services (SPS) Board.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com .

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Source: Company press release.