Mastercard announced a leadership change in its Asia Pacific region. Ari Sarker, who has served as President, Asia Pacific, for over ten years, will step down at the end of 2025. He will move into an advisory role focusing on strategic initiatives and mentoring regional leaders to ensure a smooth transition.
Ari Sarker has played a key role in Mastercard’s growth in Asia Pacific, helping the company expand, build strong partnerships, and create a collaborative work culture. His leadership has left a lasting impact on both the business and its employees.
“Ari’s influence across the region has been profound,” said Ling Hai, President, Asia Pacific, Europe, Middle East and Africa, Mastercard. “He’s championed innovation and inclusion, and built deep relationships with governments, fintechs, and enterprises. We’re grateful for his contributions and pleased he’ll continue to support the business in an advisory role.”
Effective January 1, 2026, Richard Wormald (Rich), currently Division President, Australasia, will take over as President, Asia Pacific, succeeding Ari Sarker. Rich has strong experience in the region and a proven leadership record, having led Mastercard’s business in Australasia with a focus on performance, innovation, and engaging stakeholders.
Reflecting on the transition, Ari Sarker said, “It’s been an incredible journey leading Mastercard in Asia Pacific. I’m proud of what we’ve built together and grateful to the teams, partners, and customers who’ve made it all possible. Rich is a trusted colleague and a thoughtful leader – I’m confident he’ll continue to move the business forward with purpose and care.”
Rich added, “I’m honored to step into this role and build on the strong foundation Ari has created. Asia Pacific is a dynamic and diverse region, and I look forward to working with our teams and partners to keep growing and delivering meaningful impact.”
To ensure a smooth transition, Ari Sarker and Richard Wormald (Rich) will work closely in the coming months, meeting with stakeholders and sharing updates.
Mastercard also announced that Paul Monnington will join in January 2026 as Division President, Australasia, taking over from Rich. Paul has extensive experience in retail payments and fintech, having led Woolworths’ Wpay and held senior roles at Woolworths Group and National Australia Bank (NAB).
“I’m excited to be joining Mastercard at such a pivotal time,” said Monnington. “The company’s focus on innovation, inclusion, and customer partnership really resonates with me, and I look forward to contributing to its continued success in Australasia.”
Paul Monnington will report to Richard Wormald (Rich) and join the Mastercard Asia Pacific Leadership Team. As Division President, Australasia, he will oversee Australia, New Zealand, and the Pacific Islands.
This leadership change shows Mastercard’s commitment to strong, values-driven leaders and its focus on the future of commerce in the Asia Pacific. With experienced leaders and a clear vision, Mastercard is well-positioned to drive innovation strengthen partnerships and explore new opportunities in one of the world’s most dynamic regions.
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