Richard Fairbank vs Michael Miebach

Richard Fairbank

CEO of Capital One

BIO: Mr. Richard D. Fairbank is the Founder of Capital One Bank and serves as its Chairman and Chief Executive Officer. Mr. Fairbank founded Capital One Financial Corporation in 1988 and has been its Executive Chairman since February 28, 1995, Chief Executive Officer since July 26, 1994 and President since April 24, 2003. He co-founded Advocate Financial LLC in 1998. He has been Head of MasterCard's U.S. region since 1995. He serves as the Chairman and Chief Executive Officer of Capital One Auto Finance and Chairman of Capital One, F.S.B., two of Capital Ones primary lending subsidiaries. He founded North Fork Bank and served as its Chairman and Chief Executive Officer. Mr. Fairbank began his career in 1981 with Strategic Planning Associates, spending a total of seven years consulting in different industries. Based on his belief that information and technology would change the world of consumer marketing, he developed the idea that would ultimately become the hallmark of Capital One???-its Information Based Strategy (IBS). He served as the Chairman of MasterCard's U.S. region at MasterCard Worldwide Inc. from March 2002 to February 2004. Mr. Fairbank has been an Executive Director of Capital One Financial Corporation since July 26, 1994. He serves as a Director of Capital One's three principal subsidiaries, Capital One Bank the Bank, Capital One, F.S.B. the Savings Bank and Capital One Auto Finance Inc. He served as Director of Mastercard Incorporated since 2003. He served as a Director of MasterCard Worldwide since 2003 and served as Director of MasterCard's U.S. region from March 1995 to February 2004. Mr. Fairbank served as Director of MasterCard International Incorporated since 2003. Mr. Fairbank began his career in 1981 as a consultant with Strategic Planning Associates (SPA) (which later became Mercer Management) spending seven years as a consultant and specialising in the banking industry. He has received many honors and awards including being named Best Chief Executive Officer in specialty finance by Institutional Investor magazine and Business Leader of the Year by Washingtonian Magazine. Mr. Fairbank has often been recognized for his community and industry leadership, including his 2008 appointment to the President's Council on Service and Civic Participation. He also was honored as a 2008 Washington Business Hall of Fame Laureate and was named 2006 Banker of the Year by the American Banker. Mr. Fairbank graduated with a bachelor's degree in economics from Stanford University and received an MBA from the Stanford Graduate School of Business.

Michael Miebach

CEO of Mastercard

BIO: Michael Miebach is chief executive officer of Mastercard and a member of the company’s board of directors. He is leading the company into a more digital world where the continued application of new technologies will further enable payments to become more seamless in the overall purchasing experience, while bolstering cyber services and data-powered insights. Over the past five years, first as chief product officer and then president, Michael was critical to setting the strategy that transformed the company’s offerings from a consumer card-centric business to a platform supporting choice in how businesses, people and governments make payments. This strategy, combined with the company’s customer focus, helped Mastercard evolve and diversify into new areas including real-time payments, open banking, digital identity and other value-added services. His collaborative approach creates scalable and trusted solutions for the exchange of payments and data and can be seen in his leadership of the acquisitions of Vocalink, Finicity and the corporate services business of Nets – each expanding Mastercard’s range of payment flows. Michael joined Mastercard in 2010 to lead its Middle East and Africa operations, where he helped shape and advance the company’s financial inclusion efforts with targeted solutions for governments and their citizens across the region. Earlier in his career, Michael held senior roles at both Barclays Bank and Citibank. He is a member of the digital advisory council of Fannie Mae, which makes sustainable homeownership and workforce rental housing a reality for millions of Americans, and a member of the board of directors for the nonprofit Accion, which gives people across the world the financial tools and services they need to prosper. Michael is also a board member at large for the Ronald McDonald House New York City, a charity that offers vital resources and compassionate care to children and their families being treated by the world’s leading pediatric cancer hospitals. Michael holds a Master of Business Administration from the University of Passau in Germany.