Wednesday, 14 September 2011 10:31
Amex names boss for new Silicon Valley office
Unit focuses on mobile and online payments
American Express has appointed Harshul Sanghi to lead its Enterprise Growth Group's new office in Silicon Valley, scheduled to open later this year.
The Enterprise Growth Group is a new business unit within Amex focused on expanding alternative mobile and online payment services beyond the traditional card and travel businesses. Sanghi will work to broaden and strengthen American Express' existing online and mobile products through partnerships with the local technology and venture communities. Sanghi has extensive corporate venture experience and a strong mobile background from his most recent role at Motorola Ventures.
"Building the Enterprise Growth Group on the west coast has always been critical to new business development. Silicon Valley is home to countless technology companies and venture firms who are important to our long term success," said Dan Schulman, group president, enterprise growth at Amex. "Harshul's unique background and strong relationships within the venture community made him a clear choice for this position and we're thrilled to have him join the team."
Prior to his new position with Amex, Sanghi was the MD of North American venture activities for Motorola Mobility. In this role, he worked to re-establish Motorola's Silicon Valley presence through venture investing, positioning Motorola as one of the most well-known strategic partners in the start-up space.
Before joining Motorola, Sanghi was the VP, business development at Ucentric Systems, where he positioned the company as an industry leader in whole home media and multi-room DVR solutions. Prior to that, Sanghi led Philips Electronics' satellite set top box business in North America.