In announcing Ms. Buse's appointment Joseph Saunders, Visa's Chairman and Chief Executive Officer said, "Under Elizabeth's leadership, Visa has globalized our e-commerce, money transfer and mobile efforts and delivered customer-centric and value-add information products and services that continue to drive the shift to electronic payments and accelerate our growth around the world. Elizabeth also has been a driving force behind our core debit, prepaid, commercial and credit card businesses and other critical product innovations. Visa will benefit immensely from her drive, her strong knowledge of the business and the respect she commands from clients, colleagues and Wall Street alike."

The appointment follows the decision by Rupert Keeley, Group President of Asia Pacific and CEMEA, to leave the company. Under Mr. Keeley's leadership, Visa's business in the Asia Pacific region grew significantly and is positioned for further growth.

"I am very grateful for Rupert's many years of service and his success in building the pre-eminent payments business in Asia Pacific. He leaves behind a sound foundation for Visa's continued expansion in Asia Pacific," said Saunders. "I am confident Elizabeth will continue to build on our success there and will ensure that Visa continues to capitalize on the wealth of potential opportunities that exist across Asia Pacific and in our CEMEA geographies."

Re-disseminated by The Asian Banker