Visa

Paul D. Fabara, Chief Risk Officer, Visa

Visa Inc. has hired Paul D. Fabara as the new Chief Risk Officer (CRO), effective September 3. He was earlier working in American Express (Amex) as the President of Amex’s Global Services Group.

Fabara will be taking over Ellen Richey’s office, Visa’s former Vice-Chairman (VC) and CRO, who recently retired from the post after serving for more than 11 years in the company.

As a part of CRO’s duties, Fabara will be expected to secure the integrity of the company’s payment system along with protecting its assets from unexpected loss. He will be the principal liaison with regulatory agencies that exercise supervisory authority over in 200+ countries.

In addition, Fabara will take care of Visa’s leadership in payment security promote strategies for secure payments and deliver industry-leading services to prevent, detect, and minimize the impact of attacks on company’s clients and other payment system stakeholders.

Visa’s Chairman and Chief Executive Officer (CEO) Al Kelly commented on the recent appointment as, “Trust and security is foundational to Visa’s long-term success, and I’m confident of the positive impact Paul will have on Visa’s risk strategy.”

Fabara spent eight years in Amex assuming a variety of roles. He has previously worked in Barclays as the Global Chief Operating Officer (COO), Barclaycard and in Alliance Data Systems as COO.

by Sheeba Bhagat Dawar
Market Analyst at IBS Intelligence
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