Richard Verma joins Mastercard as executive V-P

Washington: Former US Ambassador to India Richard Verma has joined leading financial services company Mastercard as its executive vice-president for global public policy and regulatory affairs.

In this capacity, Verma will oversee the company's public policy, regulatory affairs and litigation teams around the world, Mastercard said in a statement. Verma joins Mastercard from capital advisory firm The Asia Group, where he served as vice-chair and partner.

He was US Ambassador to India from 2014 to 2017. In addition, Verma was the Assistant Secretary of State for Legislative Affairs, where he led the department's efforts on Capitol Hill, and was the former National Security Advisor to the Senate Majority Leader for many years.