Ripple appoints Sendi Young as Managing Director of Europe operations

By Joy Dumasia

Ripple has hired Sendi Young from Mastercard to oversee its European operations. As Managing Director for Europe, Young will be charged with championing the expansion of the firm’s blockchain-based RippleNet network among EU institutions.

With over fifteen years of experience in FinTech, payments and consulting, Sendi joins Ripple following a five-year tenure at Mastercard, where she held leadership roles driving strategy, commercialisation, bank-FinTech partnerships, and business development. Most recently, Sendi led the FinTech & Digital Segment globally for Mastercard’s Data & Services business and grew services that helped banks adopt real-time payments, Open Banking and Artificial Intelligence.

Europe is a critical market for Ripple and has experienced tremendous transaction and customer growth. A quarter of Ripple’s current customers are based in Europe, and year to date, European On-Demand Liquidity (ODL) transactions grew by 250% compared to 2020, making up over 40% of all ODL transactions year to date.

Sendi Young, Managing Director, Ripple, says: “Over the last decade, I’ve been at the forefront of innovation in financial services and witnessed how technology has dramatically changed how we bank and pay. However, the underlying payments and banking infrastructure remain an obstacle to frictionless value exchange across borders and inclusion. I firmly believe that blockchain and crypto will be a game-changer to enhance today’s finance by addressing its core inefficiencies. These technologies can make the global financial system fairer, more inclusive and more transparent – this is just the beginning of what’s possible, and I’m excited to be joining such a talented and passionate team and a company that is at the forefront of this step-change.”

Recently, IBS Intelligence reported that Ripple had announced two new appointments to its leadership team. Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, joins the Ripple Board of Directors and Kristina Campbell joins as Chief Financial Officer (CFO).