Mastercard announced that Ari Sarker will step down as President for Asia Pacific at the end of 2025 after more than a decade in the role.
He will move into an advisory position where he will focus on strategic initiatives and mentoring regional leadership to support a smooth transition.
Sarker has overseen the company’s growth across Asia Pacific, driving expansion, strengthening partnerships, and fostering a collaborative culture.
He has built relationships with governments, fintechs and enterprises, and will continue to support the business in his new role.
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.”
Richard Wormald, currently Division President for Australasia, will succeed Sarker as President for Asia Pacific on 1 January 2026.
He brings deep regional experience, having led Mastercard’s business in Australasia with a focus on performance, innovation and stakeholder engagement.
Wormald will work closely with Sarker over the coming months, including through joint market engagements, to ensure continuity.
He 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.”
Paul Monnington will join Mastercard in January 2026 as Division President for Australasia, succeeding Wormald.
He brings experience in retail payments and fintech innovation, having led Woolworths’ Wpay business and held senior roles at Woolworths Group and National Australia Bank.
Monnington will report to Wormald, sit on the Mastercard Asia Pacific Leadership Team, and oversee markets including Australia, New Zealand and the Pacific Islands.
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