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Tuesday, October 28, 2025

The Clearing House appoints former Truist EVP Sal Karakaplan as new chief strategy officer

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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.
  • Leadership Boost at The Clearing House (TCH)
    • TCH appoints Sal Karakaplan as Chief Strategy Officer.
    • Operates US-based payment networks, clearing over $2 trillion daily.
    • Several key appointments in 2023, including CEO David Watson, COO Sheffali Welch, and CPO Margaret Weichert.
  • Karakaplan’s Impressive Background
    • Karakaplan brings 25+ years of banking and payments experience.
    • Previously served as EVP at Truist Financial and held strategic roles at JP Morgan Chase and Mastercard.
  • Strategic Vision and Expansion
    • Watson emphasizes Karakaplan’s payment expertise as an asset.
    • Karakaplan is tasked with enhancing and executing TCH’s strategic vision.
    • Focus on market strategy, growth plans, and fostering strategic partnerships.
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