Matthew Sueoka, head of global strategy, partnerships and enablement at Amex’s Digital Labs, will be promoted.

Harshul Sanghi, head of the $1.3bn corporate venture capital division at US-listed credit card provider American Express (Amex), will retire at the end of March.

He will hand over to Matthew Sueoka, currently vice-president and head of global strategy, partnerships and enablement at Amex’s Digital Labs, who will be promoted to senior vice-president and global head of ventures.

Amex Ventures has backed 89 companies, including Stripe, Toast and Instacart, and has a portfolio worth tens of billions of dollars, according…

James Mawson

James Mawson is founder and chief executive of Global Venturing.