Eduardo Vergara has joined JPMorgan Treasury Services as global commercial card executive. In his new role, Mr. Vergara will be responsible for the day-to-day management of JPMorgans global commercial card business and for setting and implementing the global strategic direction for JPMorgans commercial card products. JPMorgan’s commercial card solutions include travel and entertainment, purchasing, fleet, prepaid debit and payroll cards, as well as single-use account technology and Order-to-Pay solutions.
For the past 12 years, Mr. Vergara has held strategy development, marketing and management posts supporting such areas as commercial, corporate, debit and prepaid cards and international payments. Most recently, he headed Global Product Management and Marketing for Global Commercial Card at American Express. Mr. Vergara has also served with Bank of America, where his roles included head of Latin America and Canada, head of International Business Development and Strategy for Global Treasury Services, and head of Prepaid Cards and International Remittances. Before this, Eduardo was an engagement manager at McKinsey & Co., where he focused on card and payment strategy for financial institutions.
“Eduardo brings to JPMorgan deep product and strategy expertise in the commercial card and payments arenas, as well as international experience to support our international growth plans,” says Melissa Moore, chief executive officer, JPMorgan Treasury Services. “We look to him to provide industry leadership and to help us grow our business by expanding our international commercial card platform, as well as our successful Order-to-Pay and emerging Procure-to-Pay product capabilities.”