Richard Wormald

CEO

Singapore, Singapore30 yrs 5 mos experience

Highly Stable

Key Highlights

Led Mastercard's Asia Pacific strategy and growth.
Developed award-winning financial products at Coles.
Serves on advisory boards for high-performance sailing.

Stackforce AI infers this person is a Fintech executive with extensive leadership in financial services and strategic development.

Contact

Skills

Other Skills

StrategyBusiness StrategyBusiness Process ImprovementChange ManagementManagement ConsultingStakeholder ManagementBusiness DevelopmentRetailOperations ManagementBusiness AnalysisBusiness TransformationTeam LeadershipSupply ChainSix SigmaSupply Chain Management

About

Richard Wormald is President, Asia Pacific at Mastercard and a member of the Global Management Committee. He has spent nearly a decade at Mastercard, including leading the Australasia business across Australia, New Zealand, and the Pacific, working closely with teams across the region. Earlier, Rich helped build Coles Financial Services at Wesfarmers. His career has also included roles at Accenture, Procter & Gamble, Unilever, and Ford Motor Company, with experience across the UK, Europe, and Asia. Outside of work, Rich is an avid sailor and serves as a Non-Executive Director and member of the High Performance Advisory Board at Australian Sailing.

Experience

Mastercard

2 roles

President, Asia Pacific

Promoted

Jan 2026 – Present · 2 mos

Leading Mastercard’s Asia Pacific business, driving strategy, growth, and innovation to shape the future of financial services across the region.

Division President, Australasia

Sep 2016 – Dec 2025 · 9 yrs 3 mos

Accountable for Mastercard's businesses in the Australia, New Zealand and the Pacific Islands.

Australian sailing

2 roles

Non Executive Director

Oct 2023 – Present · 2 yrs 5 mos

High Performance Advisory Board

Dec 2022 – Present · 3 yrs 3 mos

Advisor to the Australian Olympic Sailing Team, creating great athletes for Paris 2024, LA 2028 and beyond

Australian payments council

Non Executive Board Member

Sep 2016 – Mar 2018 · 1 yr 6 mos · Sydney, Australia

Doctor me - healthtech startup

Chief Executive Officer

Apr 2016 – Aug 2016 · 4 mos · Melbourne, Australia

HealthTech startup founded to connect patients to qualified Australian doctors using their smartphone.

Mastercard australia pacific advisory board

Director

Sep 2015 – Apr 2016 · 7 mos · Singapore

Board member of Mastercard Asia Pacific Advisory Board

Coles financial services

Director

Apr 2015 – Apr 2016 · 1 yr · Melbourne, Australia

Director of the Financial Services business at Coles, which operate as a separate legal entity to the Coles retail business.

Eftpos australia

Non Executive Director

Apr 2014 – Apr 2016 · 2 yrs · Sydney, Australia

Coles

3 roles

General Manager Financial Services

Aug 2011 – Apr 2016 · 4 yrs 8 mos

Coles Financial Services operated as separate ring fenced operation from Coles retail business, with assets approaching $1Bn and governed by a separate Financial Services Board.
As a Director of Coles Financial Services, and its subsidiary regulated consumer lending business, Wesfarmers Finance, I had overall accountability for the growth of the financial services division. The business operated leading Hadoop analytics and CRM platforms, cloud based ERP and leverages Agile approaches to development.
Developed and launched Coles Insurance, now one of the fastest growing Insurers in Australia with over 450,000 policies in force. AB&F Marketing Campaign of the Year - Coles Insurance 'Little Red Quote'
Developed Coles Credit Card business, including the Coles MasterCard credit card portfolio. Canstar 5 star rated, 2012/13/14, Winner Money Magazine 'Best Value' awards in several categories 2013/14
Developed and then acquired joint venture financial services business with GE Capital, to issue a range of personal lending products.
Led the development of Coles Mobile Wallet, integrating loyalty and payments on any mobile phone. Winner AB&F 'Most Innovative Banking Product' 2014, Winner AUS Mobile & App Design awards.
Director, Coles Financial Services Pty Ltd, the overall holding company for Coles and Wesfarmers financial services activities
Director Wesfarmers Finance Pty Ltd, the Joint Venture consumer lending business created in partnership with GE Capital, now wholly owned by Wesfarmers Ltd
Non Executive Director, EFTPOS, representing Wesfarmers on the board of Australia's national debit payment network

General Manager Strategy, Flybuys & Financial Services

Promoted

Jun 2010 – Aug 2011 · 1 yr 2 mos

Developed Coles loyalty and CRM strategy, led the acquisition of flybuys from National Australia Bank and subsequently restructured and relaunched Coles loyalty programme.
Relaunched flybuys, including negotiation of partnership agreements with AGL, Telstra, Webjet, Kmart, Target and existing partners. The relaunch of flybuys was the largest corporate mailing in Australian history with 17 million new flybuys cards issued to households across Australia

General Manager Strategy

Nov 2006 – Jun 2011 · 4 yrs 7 mos

Accountable for Coles turnaround strategy, including business development, M&A and investor relations.
Led the development of key strategic programmes including reseting of Coles property portfolio, gross margin improvements including supplier negotiation and waste and markdown programmes, development of Coles new store formats and reseting of Coles loyalty and financial services programmes.

Accenture

Management Consulting

Jan 2001 – Nov 2007 · 6 yrs 10 mos · London, United Kingdom

Retail Strategy, IT and Supply Chain consulting across UK, Europe and Asia

Procter & gamble

General Manager Operations

Oct 1996 – Jan 2001 · 4 yrs 3 mos · London

Operations management of major production facilities for Procter and Gamble
Lead the implementation of P&Gs six sigma / lean manufacturing capability in Europe