Michael Miebach, President of Mastercard, is responsible for overseeing the sales, marketing, products, services, and technology organizations for the company. Mastercard’s Board unanimously elected Michael to succeed Ajay Banga as Chief Executive Officer on January 1, 2021.
Michael brings deep expertise in digital innovation, emerging technologies, regulation, fintech, and financial services to forge innovative partnerships across the ecosystem. He has a wealth of insights and global experience from a 25-year career spanning payments and banking services and technology.
As Chief Product Officer, Michael helped transform the company’s offerings from consumer cards to providing a variety of multi-rail payment solutions. Michael has been a key driver in developing and executing the strategy to evolve and diversify Mastercard, leading the acquisition of Vocalink and the pending transaction with Nets--to address a broader set of payment flows.
His collaborative approach creates scalable and trusted solutions for the exchange of payments and data towards a more inclusive digital economy where everyone is connected, and everyone can thrive.
He previously led Mastercard across the Middle East and Africa and held senior roles at both Barclays Bank and Citibank.
He is a member of the digital advisory council of Fannie Mae, which makes sustainable homeownership and workforce rental housing a reality for millions of Americans, and a member of the Board of Directors for the nonprofit Accion which gives people across the world the financial tools and services they need to prosper. Both roles give Michael the opportunity to pursue his passion for bringing more people greater opportunities in the formal economy. Michael is also a member of the Board of Directors of the Ronald McDonald House New York City, a charity that offers vital resources and compassionate care to children and their families being treated by the world’s leading pediatric cancer hospitals.
Michael holds a Master of Business Administration from the University of Passau in Germany. He lives with his family in New York.