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.