The Clearing House (TCH) has appointed Sal Karakaplan as chief strategy officer.
In the role, Karakaplan will be responsible for areas including market strategy and growth plans, strategic partnerships, exploration, incubation and innovation.
Working with the TCH executive leadership team, he will continue to develop and execute the firm’s strategic vision.
Karakaplan has more than 25 years of industry experience and joins TCH from financial services firm Truist, where he was executive vice president of the Enterprise Payments Group.
Prior to this, he was executive director of integrating payments strategy at J.P. Morgan.
The majority of Karakaplan’s career has been spent with MasterCard, where he held a number of roles including vice president of corporate development and vice president of mobile money.
Commenting on his appointment, Karakaplan says: “I look forward to working with the TCH team on strategic opportunities to enhance the company’s position as the leading payments provider in the US.”
David Watson, president and CEO of TCH, adds: “Sal is a great addition to TCH. His payments background and experience in the banking industry, combined with his alignment to our values will be an asset as we develop new ways to work with partners to enhance existing products and create innovative offerings for our customers.”
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