Régis Folbaum will be based in Paris (France) and will report to Roberto Tittarelli, Divisional President Western Europe, MasterCard Europe. In this role, he will continue to drive forward MasterCard's strategy for growth in France, by focusing on the deployment of new and innovative means of payment in the French market and strengthening the vital relationships between MasterCard and its partners.

Roberto Tittarelli, Divisional President Western Europe, MasterCard Europe commented on the appointment: "I am delighted to welcome Régis Folbaum at the head of MasterCard France. He brings a vast amount of experience and leadership to us. His strong experience in the payment industry as well as in the retail banking sector will prove extremely valuable to MasterCard as we focus on strengthening our leading position in the French market, driving forward our strong relationships with our customers and business partners and ultimately delivering innovative experiences for consumer that are both safe and simple to use."

Régis Folbaum was most recently Associate Principal for the global management consulting firm McKinsey & Co in France. Prior to joining this company, he held several positions at AGF -Allianz Group, and Goldman Sachs. Régis Folbaum is a graduate from ESSEC Business School and holds an MBA from INSEAD.

Régis Folbaum said: "MasterCard is hugely attractive opportunity for me at this key moment in the evolution of the payment and technology industries when virtual and real payments solutions are changing, especially in France. There are today many challenges ahead and MasterCard is leading the way at this exciting time to provide consumers with the next generation of payment services. As the new General Manager of MasterCard France, my goal is to continue to build an engaged and motivated team that super serves the needs of our customers and business partners."

Régis Folbaum is replacing Emmanuel Petit, who after four years as General Manager for MasterCard France has moved to another position within MasterCard Europe.