MasterCard gets new president for SA

 ·17 Jul 2012

MasterCard Worldwide has appointed Philip Panaino as the new division president for South Africa.

Panaino will be based in Johannesburg and will be responsible for the overall performance of MasterCard in South Africa and provide strategic direction for the business’ operations in the country.

Dries Zietsman will continue his role as country manager for MasterCard Worldwide.

Panaino’s appointment follows the recently announced restructuring of the Middle East and Africa (MEA) business to comprise three divisions including Middle East & North Africa (MENA), Sub Sahara Africa and South Africa.

He spent the first 11 years of his career with Citigroup, where he was vice president for the Sub-Saharan Africa Business, and manager of Global Transaction Services across 11 African countries. He holds a Bachelor degree in Commerce, Banking and Financial Management from Milpark Business School.

“Philip’s local knowledge and international experience are substantial assets for MasterCard’s business in South Africa,” said Michael Miebach, president, MEA, of MasterCard Worldwide.

“He will undoubtedly bring a fresh perspective to the South African payments industry at the helm of MasterCard’s local operations.”

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