The Clearing House appoints former Truist EVP Sal Karakaplan as new chief strategy officer
The Clearing House (TCH) has further bolstered its leadership team with the addition of banking and payments veteran Sal Karakaplan as chief strategy officer.
Sal Karakaplan, TCH’s new chief strategy officer (Image source: TCH)
The company, which operates US-based payment networks such as the RTP network and claims to “clear and settle more than $2 trillion each day through wire, ACH, check image and real-time payments”, has made a number of senior appointments over the course of 2023.
Back in January, the company named David Watson as its new CEO, succeeding the retiring Jim Aramanda, followed by the appointments of Sheffali Welch as chief operating officer (COO) in August and Margaret Weichert as its new chief product officer (CPO) in October.
Speaking on the latest appointment, Watson says Karakaplan’s “payments background and experience in the banking industry” will be “an asset” to the company as it looks to expand and further develop its services.
Karakaplan brings over 25 years of experience to his new role and joins TCH from Truist Financial, where he served as executive vice president for the company’s Enterprise Payments Group for more than three years.
Prior to joining Truist, he was executive director, integrated payments strategy at JP Morgan Chase for more than five years, and also held a number of senior positions at payments giant Mastercard over his seven-year tenure at the firm.
In his new role, the company says Karakaplan will work to “enhance and execute TCH’s strategic vision”, taking the lead on its market strategy, growth plans and strategic partnerships.
