Former Mastercard Executive Joins CULedger Consortium as CEO

CULedger, a consortium of credit unions developing distributed ledger technology (DLT) systems, has announced the appointment of a new chief executive officer.

The new hire, John Ainsworth, who was previously Mastercard’s executive vice president of North America markets, will be joining the company as president and CEO effective Dec. 18, a company announcement states.

Ainsworth said in the statement that the majority of his financial services career has been involved with helping credit unions meet the needs of its members.

Predicting more change in the next 10 years than we’ve seen in the past 50 years, Ainsworth further stated:

“Staying relevant in the age of digital disruption is a current and present challenge for the credit union industry.”

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