Latest news with #TareqMuhmood
IOL News
23-06-2025
- Business
- IOL News
Tareq Muhmood named new regional president for Visa's CEMEA operations
Visa has appointed Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa Image: Supplied Visa (NYSE: V) has announced the appointment of Tareq Muhmood as Regional President. The seasoned Visa leader is set to oversee operations in 86 dynamic markets, where Visa currently serves over 1,800 clients from 23 local offices. Muhmood steps into this pivotal role with an impressive background, bringing over 30 years of banking and payment experience. He previously led the Value-Added Services for Visa's Europe region out of London. His career at Visa began in 2019 when he took on the position of Group Country Manager for Southeast Asia, operating from Singapore. Prior to joining Visa, he held senior leadership roles at prominent financial institutions including Ahli United Bank, ANZ, and HSBC. With the regional headquarters based in Dubai, Muhmood's new position is effective immediately, as he reports to Oliver Jenkyn, Group President of Global Markets at Visa. He replaces Andrew Torre, who has been elevated to President of Visa's Value-Added Services business—a sector that has rapidly evolved into a USD 9 billion global operation and achieved a remarkable annual revenue growth of 20% since 2021. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' remarked Jenkyn. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading He underscored Muhmood's global perspective, extensive leadership, and proven record of partnering with Visa's largest clients in various rapidly developing markets. On his appointment, Muhmood expressed enthusiasm, stating, 'It is a great honour to lead the CEMEA region and to continue the tremendous progress that has been made in transforming the future of payments, commerce, and money movement across so many dynamic markets.' With over a third of his career spent in the region, he looks forward to expanding digital payment solutions among consumers, merchants, and economies. 'I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region,' he added. Visa's CEMEA operations represent a crucial segment of the company's global ambitions, with digital payments becoming integral to commerce and everyday transactions. Under Muhmood's leadership, the company aims to enhance its service offerings and strengthen its position in these fast-evolving markets, thereby fostering a digitally connected economy. IOL
Zawya
23-06-2025
- Business
- Zawya
Visa names Tareq Muhmood as Regional President for CEMEA
Arab Finance: Visa has appointed Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa (CEMEA), effective immediately, as per a press release. In his new role, Muhmood will lead operations across more than 86 dynamic and fast-growing markets, overseeing Visa's services to over 1,800 clients through 23 local offices across the region. He will be based in Dubai and report to Oliver Jenkyn, Group President of Global Markets at Visa. Muhmood brings more than three decades of experience in banking and payments. He most recently led Value-Added Services for Visa's Europe region from London. Since joining the company in 2019, he has also served as Group Country Manager for Southeast Asia, based in Singapore. Before Visa, he held senior leadership roles at Ahli United Bank, ANZ, and HSBC. He succeeds Andrew Torre, who was recently appointed President of Visa's Value-Added Services business. The unit has become a $9 billion global operation, posting annualized revenue growth of 20% since 2021. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Fintech News ME
23-06-2025
- Business
- Fintech News ME
Visa Names Tareq Muhmood as Regional President for CEMEA
Visa has announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In this role, Muhmood will oversee operations across more than 86 markets in the region, where Visa serves over 1,800 clients through 23 local offices. Muhmood brings over three decades of experience in banking and payments. He most recently led Value-Added Services for Visa's Europe region from London and joined the company in 2019 as Group Country Manager for Southeast Asia, based in Singapore. His previous roles include senior leadership positions at Ahli United Bank, ANZ, and HSBC. Muhmood will be based in Dubai and reports to Oliver Jenkyn, Group President, Global Markets at Visa. He takes over from Andrew Torre, who has been appointed President of Visa's Value-Added Services division. That unit has grown into a US$9 billion global business, with an annualised revenue growth rate of 20% since 2021. Commenting on his appointment, Muhmood said: 'It is a great honour to lead the CEMEA region, and to continue the progress made in transforming the future of payments, commerce, and money movement across such dynamic markets. Having spent over a third of my career in the region, I am excited by the opportunity to further expand digital payments to more consumers, merchants, and economies. I look forward to working with our team to support growth with clients and partners throughout the region.'
Yahoo
21-06-2025
- Business
- Yahoo
Visa (NYSE:V) Appoints Tareq Muhmood As CEMEA Regional President Covering 86 Markets
Visa appointed Tareq Muhmood as the regional president for CEMEA, an area with significant strategic importance. This appointment, along with other executive changes, such as Andrew Torre's move to President of Value-Added Services, positioned the company for continued leadership across vital regions. Despite these developments, Visa's stock price was flat over the last quarter, aligning with a broader market trend. While initiatives like enhanced client collaborations and a robust share repurchase program could have added weight to future performance, the overall price change was not significantly different from the general market, which was also steady. Buy, Hold or Sell Visa? View our complete analysis and fair value estimate and you decide. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent appointment of Tareq Muhmood as Visa's regional president for CEMEA is set to strengthen Visa's strategic position, particularly in this area of significant importance. This aligns with Visa's ongoing efforts to enhance client collaborations, expected to contribute positively to the company's expanding international payment volumes and overall revenue. Over the past five years, Visa achieved a substantial total shareholder return of 85.35%, contrasting with its recent flat performance that mirrored broader market trends. In the past year, Visa's earnings growth underperformed the diversified financial industry after growing by 8.5% compared to the industry's 9.3%. Nonetheless, Visa's stock exceeded the US market, which returned 10% over the same period. These longer-term performance indicators suggest resilience in Visa's business model amidst short-term fluctuations. The current initiatives, including the focus on stablecoin innovations and value-added services, could influence future revenue and earnings growth projections. Visa's stock price of US$347.70 remains close to the analyst consensus target of US$374.25, reflecting a discount of about 7.1%. This suggests an alignment in market expectations with analysts' forecasts. As Visa continues to push into new geographical markets and innovative payment solutions, these efforts may provide additional revenue streams. The anticipated improvements in transaction security and user engagement through tokenization and the expansion of stablecoin settlements are important factors in the company's growth narrative. Overall, the executive changes and strategic expansions are set to support Visa's evolving business strategy and financial outlook. Gain insights into Visa's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:V. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Finextra
20-06-2025
- Business
- Finextra
Visa appoints Tareq Muhmood regional president, Cema
Visa has strengthened its regional leadership in CEMEA by appointing Tareq Muhmood as Regional President. This move highlights Visa's strategic focus on enhancing its executive presence across Central and Eastern Europe, the Middle East, and Africa. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Mr. Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Visa. Mr. Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021. With this appointment, Visa reinforces its commitment to advancing digital payments under its evolving regional leadership in CEMEA. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'
