Valeria Strappa has been named Chief Administrative Officer for Chase Merchant Services, the division of JPMorgan Chase & Co. that provides merchant services to thousands of organizations from small businesses to global enterprises.
Strappa is a veteran financial services executive who joins Chase from Citi Latin America, where she was the Client Management and Strategy Head for the Institutional Clients Group. She brings a broad set of experiences to Chase, including retail and mortgage businesses management, consulting, strategy, lean manufacturing, operations, transformation and change management. Strappa started her career at McKinsey in 2001, were she specialized in marketing, lean manufacturing and strategic sourcing in several industries. Her professional tenure also includes three years at GE Capital.
“Val will be exceptional in helping lead our global and growing business, with her professional experiences, international background and competitive spirit,” said Matt Kane, Chief Executive Officer of Chase Merchant Services.
Strappa was a professional tennis player for more than a decade and has completed several Ironman competitions. She earned her degree in Industrial and Systems Engineering at the Instituto Tecnológico de Monterrey and her Global Executive MBA at Fuqua at Duke University. Strappa will be based in Dallas, where Merchant Services is headquartered.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (JPM), a leading global financial services firm with assets of $2.5 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,300 branches, 15,500 ATMs, mobile, online and by phone. For more information, go to Chase.com.
About Chase Merchant Services
Merchant Services is the global payment acceptance and merchant acquiring business of JPMorgan Chase & Co. and a leading provider of payment, fraud management and data security solutions, capable of authorizing transactions in more than 130 currencies. JPMorgan Chase passed $1 trillion in merchant processing volume in 2016 and was ranked the world’s #1 wholly-owned merchant acquirer by volume by The Nilson Report.