Visa appoints Alan Machet as Group Country Manager

Visa has announced the appointment of Alan Machet as Group Country Manager for Visa in Australia, New Zealand and South Pacific. Machet will be succeeding Julian Potter, who is set to retire at the end of the year.

Machet's career in the financial services sector extends over two decades, during which he has held senior leadership roles at Westpac, Macquarie Bank, and most recently at Citibank. At Citibank, Machet served as the CEO of the Bank's Consumer Division prior to its acquisition by the National Australia Bank (NAB). Following the acquisition, he was appointed CEO of NAB's Citi Branded Division, playing a critical role in integrating the Citi Consumer Business into NAB and overseeing its growth.

Stephen Karpin, Regional President for Visa Asia Pacific, commented on Machet's appointment, stating, "Alan's deep expertise and knowledge will accelerate Visa's aspiration to be the best way to pay and be paid. And as Visa continues to drive innovation in the payments ecosystem, we remain dedicated to advancing the payments industry through the latest technology and security solutions. I thank Julian for his leadership over the last seven years, and for facilitating the smooth transition of the business to Alan until year end."

Machet expressed his enthusiasm about joining Visa, saying, "Visa is an exceptional business. We're pioneering digital payments and innovative technologies that help businesses grow, empowering them to give their customers the best possible experience and choice, and collaborating with government and industry partners to bring exponential benefits to economies. I'm incredibly excited to join the team as we continue to innovate to meet the evolving needs of our clients and partners across Australia, New Zealand and the South Pacific."

Machet is based in Sydney and will be part of Visa's Asia-Pacific Leadership Team. In his new role, he will oversee Visa's operations across Australia, New Zealand, and South Pacific. His responsibilities will include fostering client and industry partnerships, supporting business growth, enhancing customer experiences, promoting digital acceptance, and accelerating innovation efforts within the market.