Visa International has appointed a general counsel. Guy Rounsaville is joining from the San Francisco office of US firm Allen Matkins Leck Gamble & Mallory, where he was co-managing partner and head of corporate.
He replaces Bennett Katz, who retired in late 1999, and will be responsible for developing the global and corporate legal strategy and coordinating international legal work.
Visa is the world’s largest payment system, generating more than $1.7 trillion (£1.16 trillion) in annual volume.
The company is currently embroiled in a massive antitrust case in the US. Along with Mastercard, it is accused of violating antitrust law by limiting competition through tie-ups with banks. The group is being represented by San Francisco firm Heller Ehrman White & McAuliffe (The Lawyer, 19 June 2000).