Frerk-Malte Feller has announced his resignation from his position as managing director of PayPal Australia.

After 12 years with eBay and PayPal, Feller has held the managing director position for the last two years.

Feller’s resignation will take effect at the end of the year where he will be moving back to Europe for other career opportunities.

Upon his departure, Elena Wise, director of merchant services, will act as interim while the search for Feller’s replacement continues.