First Data has named Himanshu Patel its CFO. Patel has served as First Data’s EVP of Strategy, Planning & Business Development since June 2013.
NEW YORK–(BUSINESS WIRE)–First Data, a global leader in commerce-enabling technology and solutions, today announced that Himanshu Patel has been appointed Chief Financial Officer for the company. Patel has served as First Data’s Executive Vice President of Strategy, Planning & Business Development since June 2013.
Since joining First Data, Patel has overseen the execution of a number of strategic acquisitions and initiatives for the company, and has been actively engaged in setting the company’s financial strategy. He played a pivotal role in the strengthening of the company’s balance sheet through a $3.5 billion private equity raise completed in July 2014, and a number of debt refinancings over the past 12 months.
“Himanshu was one of the first executives to join the company after I arrived at First Data and, since then, has served as a thoughtful and trusted advisor for everyone on the leadership team, including me,” said Frank Bisignano, Chairman and CEO of First Data. “With Himanshu in this new role, First Data will have a world-class executive with an in-depth knowledge of both the financial community and payments industry as we approach the next chapter of our transformation.”
Before joining First Data in mid-2013, Patel was at JPMorgan Chase & Co. for 16 years, most recently as a Managing Director leading strategy for the Chase mortgage banking division. Prior to this, from 2001 to 2011, he was a senior equity analyst for JPMorgan. Patel is a Chartered Financial Analyst (CFA) and holds a Bachelor of Science in finance and marketing from New York University’s Stern School of Business.
About First Data
First Data is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in 118 countries around the world. The company’s 23,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,300 transactions per second and $1.9 trillion per year.