Chief Executive Officer, Visa Inc.
Prior to joining Visa Inc., Mr. Scharf spent nine years at JPMorgan Chase & Co. as the chief executive officer of Retail Financial Services, one of JPMorgan Chase’s six lines of business, and a major issuer of Visa-branded cards. He was a member of the firm’s Operating Committee and its Executive Committee. Mr. Scharf is currently managing director at One Equity Partners, which manages $10 billion of investments and commitments for JPMorgan Chase.
From 2002 through 2004, he led Bank One’s consumer banking business, helping to rebuild the brand, expand the branch and ATM network, and develop senior talent. He was appointed chief financial officer of Bank One in 2000, leading the company’s effort to fortify its balance sheet, improve financial discipline and strengthen management reporting. Mr. Scharf spent 13 years at Citigroup and its predecessor companies, serving as chief financial officer for Citigroup’s Global Corporate and Investment Bank prior to joining Bank One. He was chief financial officer of Salomon Smith Barney when its parent company — Travelers Group — merged with Citicorp in 1998 to create the nation’s largest financial institution. Mr. Scharf became CFO of Smith Barney in 1995, after serving in a number of senior finance roles at Travelers companies, including Smith Barney, Primerica and Commercial Credit Corporation. He previously served on the Board of Visa U.S.A. from 2003 to 2007 and the Visa Inc. Board from 2007 to January 2011. He was also previously director of Travelers Insurance.
He holds a Bachelor of Arts degree from Johns Hopkins University and an MBA degree from New York University. He is currently on the Board of Trustees for Johns Hopkins University.