MasterCard International's board of directors elected its first new member since chief executive H. Eugene Lockhart took the helm in March.
The new director, Patrick J. BoyIan, is a senior officer of HSBC Holdings PLC of Hong Kong, a holding company whose financial subsidiaries include Midland Bank PLC of London.
"Pat's seat on our board is recognition that HSBC Holdings plays a very important role," said Mr. Lockhart. When MasterCard began its search for a director, he added, "we found that HSBC was represented on all of our regional boards."
Mr. BoyIan, a resident of London, manages Midland Bank's card and electronic banking business, as well as its …