Visa has appointed Paul Fabara as chief risk officer, effective Sept. 3. Fabara takes over from Ellen Richey, Visa’s former vice chairman and chief risk officer, who recently retired after more than 11 years with the company. Fabara will report to Chief Executive Officer Al Kelly.
Fabara’s responsibilities will include a broad portfolio of functions designed to maintain the integrity of the Visa payment system and protect the company and its assets from unexpected loss. He will serve as principal liaison with regulatory agencies that exercise supervisory authority over Visa in the more than 200 countries in which the company operates.
