Visa appoints Paul Fabara as chief risk officer

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Visa has appointed Paul Fabara as chief risk officer. Mr. Fabara takes over from Ellen Richey, Visa’s former vice chairman and chief risk officer who recently retired after more than 11 years with the company. Mr. Fabara will report to Al Kelly, Visa’s chairman and chief executive; the company said in a statement.

Mr. Fabara’s responsibilities will include a portfolio of functions designed to maintain the integrity of the Visa payment system and protect the company and its assets from unexpected loss, according to Visa. He will also serve as principal liaison with regulatory agencies, that exercise supervisory authority over Visa in the 200+ countries in which the company operates.

Prior to joining Visa, Mr. Fabara spent eight years at American Express in a variety of roles, most recently as president of American Express’s Global Services Group. Prior to American Express, Mr. Fabara was at Barclay’s Bank as global COO, Barclaycard. Prior to Barclay’s, Mr. Fabara was chief operating officer, Card Services, for Alliance Data Systems.

[Image courtesy: Visa]