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American Express Announces Harshul Sanghi as Head of New Enterprise Growth Group Office in Silicon Valley

HARSHUL SANGHI, HEAD OF NEW ENTERPRISE GROWTH GROUP OFFICE IN SILICON VALLEY (Photo: Business Wire)

"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," explained Dan Schulman, Group President, Enterprise Growth, American Express. "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."

"The payments industry is experiencing a significant transformation and I believe this is just the beginning," said Harshul Sanghi, new head of Enterprise Growth Group, Silicon Valley. "Strategic partnerships with local start-ups will allow American Express to leverage emerging technologies, keep pace with rapid changes in consumer behavior, and retain our strong leadership position in the coming years."

Prior to accepting his new position with American Express, Sanghi was the Managing Director of North American venture activities for Motorola Mobility. In this role, Harshul worked diligently 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 Vice President, Business Development at Ucentric Systems Inc., where he positioned the company as an industry leader in whole home media and multi-room DVR solutions. Sanghi was an instrumental leader during the acquisition of Ucentric by Motorola. Prior to that, Sanghi led Philips Electronics' satellite set top box business in North America.

Sanghi also has extensive general management and business development experience in the semiconductor, enterprise software, and consumer electronics industries. Sanghi attended the University of Oregon, where he received a bachelor's degree in Computer Science; and later acquired his M.B.A. from the International Institute for Management Development (IMD) in Switzerland.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. As part of the company's global strategy, a new business unit, Enterprise Growth, was formed in 2010 to expand the company's presence in new payments. Enterprise Growth's mission is to expand the company's alternative mobile and online payment services, form new partnerships and build revenue streams beyond the traditional card and travel businesses. This includes growth opportunities for payment forms outside of the company's charge and credit products, such as such as prepaid, gift cards, travel cards, remittances and virtual currencies. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, twitter.com/americanexpress and youtube.com/americanexpress.

American Express' Enterprise Growth Group recently launched Serve, a next generation payments platform designed to deliver emerging payments and services to address the changing ways consumers interact and exchange money -- with one another -- as well as merchants. Learn more at serve.com and connect with us on facebook.com/paywithserve and twitter.com/serve.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6855947&lang=en

Media:
Charlotte Fuller, 347-446-0240
charlotte.l.hill@aexp.com
or
Sarah Meron, 917-727-2430
sarah.b.meron@aexp.com