10 oct e27 pay_pal appoints lawrence chan as vp for asia pacific new ventures

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10 oct e27 pay_pal appoints lawrence chan as vp for asia pacific new ventures

  1. 1. Client : PayPal Country : SingaporePublication : E27Date : 11 October 2012Topic : PayPal appoints Lawrence Chan as VP for Asia Pacific New VenturesURL : http://e27.sg/2012/10/11/paypal-appoints-lawrence-chan-as-vp-for-asia-pacific- new-ventures/Visitorship : 39,334 (Site-wide)PayPal appoints Lawrence Chan as VP for Asia Pacific New VenturesPayPal has appointed Lawrence Chan as Vice President of Asia Pacific New Ventures and GeneralManager of Southeast Asia and India.PayPal has announced the appointment of a new key official in the Asia Pacific region. LawrenceChan takes on a new role as PayPal’s new vice president for Asia Pacific New Ventures, and islikewise the new general manager for PayPal’s Southeast Asia and India business.Mr. Chan is based in Singapore, and he leads the regional business strategy, sales, partnerships andmerchant adoption of PayPal’s newest payment innovations. He is also responsible for developingPayPal’s online and mobile payments business, as well as as expanding the company’s geographicalreach to Southeast Asia and India. As a result, he will report to PayPal’s vice president of Asia, Mr.Rohan Mahadevan. PayPal will benefit from his expertise, particularly more than 17 yearsexperience in the financial industry.Mr. Mahadevan highlighted Chan’s deep regional expertise, which will greatly benefit theorganization. “As a senior industry leader in Asia, he has a diverse portfolio of general managementexperience to successfully navigate local business practices and regulatory environments as well asattract and build winning teams to drive the future of commerce across the region.”Mr. Chan lauds the game-changing nature of technologies and companies like PayPal. “My passionhas always been to develop new market opportunities and game-changing products to allow Asianconsumers and merchants to connect in safer, more convenient ways.”
  2. 2. Mr. Chan is a graduate from the University of London’s School of Economics and Political Scienceand holds a degree in industrial and business economics.Read the full press release below. Press Release ****October 8, 2012, Singapore – PayPal today announced the appointment of Lawrence Chan asPayPal’s vice president covering its Asia Pacific New Ventures organization as well as generalmanager for PayPal’s Southeast Asia and India business, effective immediately. Based in Singapore,Mr. Chan will lead the regional business strategy, sales, partnerships and merchant adoption ofPayPal’s newest payment innovations to transform commerce, from mobile to digital goods toPayPal Here. He will also be responsible for developing PayPal into an online and mobile paymentsleader, as well as expanding the company’s geographic reach, in the exciting, fast-growing domesticand cross-border trade markets of Southeast Asia and India. Mr. Chan will report to PayPal’s vicepresident of Asia, Mr. Rohan Mahadevan.Mr. Chan brings over 17 years of financial services industry experience to PayPal, having worked forglobal MNCs including American Express International, American International Assurance, Bank ofAmerica, and Visa International. Prior to joining PayPal, he spent 10 years at American ExpressInternational in various regional and international leadership roles, most recently, as the Senior VicePresident and General Manager of Global Payment Option (Asia, Europe & Africa). Mr. Chan hasextensive experience in developing new business models and payment products, forming strategicpartnerships with banks and payment networks, and engaging with regulators and merchants in thelargest commerce markets in the Asia Pacific region, including Australia, China, India and Japan.“Lawrence is an excellent addition to our Asia management team with his deep regional expertise infinancial services, his strong understanding of Asian commerce markets and a proven track record ofsuccessfully leading and growing innovative payment businesses across the region,” said Mr.Mahadevan. “As a senior industry leader in Asia, he has a diverse portfolio of general managementexperience to successfully navigate local business practices and regulatory environments as well asattract and build winning teams to drive the future of commerce across the region.”“I’m excited to join PayPal at a time when new innovative online and mobile payment technologiesare revolutionizing the way people shop and pay across the Asia Pacific region,” said Mr. Chan. “Mypassion has always been to develop new market opportunities and game-changing products to allowAsian consumers and merchants to connect in safer, more convenient ways. I believe that PayPal isuniquely positioned to drive this new era of multi-channel commerce in Asia and the world.”
  3. 3. Mr. Chan holds a Bachelor of Science degree (2nd Class Upper Honors) in Industrial and BusinessEconomics from the University of London’s School of Economics and Political Science.About PayPalPayPal is the faster, safer way to pay and get paid. The service allows people to send paymentswithout sharing financial information, with the flexibility to pay using their account balances, bankaccounts (where available) or credit cards. With more than 113 million active accounts in 190markets and 25 currencies around the world, PayPal enables global commerce. PayPal is an eBay(NASDAQ:EBAY) company. PayPal is headquartered in San Jose, Calif. and its internationalheadquarters is located in Singapore. More information about the company can be found athttps://www.paypal.com.sg.

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