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Jeremy Nicholds, European sales and marketing director at MasterCard, has performed a dramatic U-turn on a proposed switch to the firm's US office in favour of a move to its fiercest rival, Visa Europe.
Nicholds had been due to join MasterCard Advisors, a subsidiary division of the credit-card firm that offers strategic consultancy services to its worldwide banking partners, early last month.
However, he will now take on a new-business management role in Visa's marketing department later this month, working across its European operations.
It is unclear …