MasterCard Europe has appointed Marion King president of its UK and Ireland business.
MasterCard said King’s role will “focus on growth within the payments industry and creating a cashless society in the UK”, highlighting the strategic importance of emerging technologies such as contactless and mobile.
“I’m excited to be joining MasterCard to lead a key market at a time when our industry faces both great opportunities and challenges. I’m looking forward to working with the talented team in the UK to build on their achievements and to deliver the next generation of safe, simple and smart payments that make life easier for consumers,” King said.
Javier Perez, president of MasterCard Europe said: “I’m delighted to welcome Marion to MasterCard at an exciting time for the UK market. Her proven track record of transforming businesses and driving growth will be invaluable as we continue to build new partnerships and innovative technologies that transform the way consumers pay in a world beyond cash.”
The news comes five months after King announced her decision to step down from her role as CEO of ATM network and ACH VocaLink. Prior to this, King held senior roles at Reuters Group and Global FX Transaction Services.
King will take up the post on the 12th March 2012. MasterCard’s current UK and Ireland president, Hany Fam, will be moving to a Europe-wide strategy role.