MasterCard Appoints New Board Member

MasterCard, a provider of payment processing solutions, has appointed Jackson Tai to its board of directors. With this appointment, the MasterCardboard of directors returns to a full complement of nine Class A directors and three directors representing the financial institutions that own MasterCard Class M shares. Mr Tai joins the MasterCard board as a Class M director. He is the former vice chairman and CEO of DBS Group and DBS Bank, having served as CEO from until. He joined DBS Group as CFO, and subsequently served as president and COO until his appointment as CEO.Prior to joining DBS Group, Mr Tai was a managing director in the investment banking division at JP Morgan & Company, where he served 25 years and held several management positions in New York, Tokyo and San Francisco. Richard Haythornthwaite, chairman of the MasterCard board of directors, said: "Jackson is an accomplished financial services executive, and his deep knowledge of our industry and global experience, particularly in Asia , will greatly benefit MasterCard."