The social media giant will also create a new group to look after its payments-related initiatives, including Facebook Pay and WhatsApp payments, David Marcus, co-creator of Facebook's Libra cyrptocurrency project said in a tweet. (https://bit.ly/31AC8sJ)

Kasriel was also the former chief executive officer of freelance marketplace Upwork Inc , according to his LinkedIn profile.

Facebook did not immediately respond to a request for comment.

(Reporting by Ayanti Bera in Bengaluru; Editing by Shounak Dasgupta)