First Data has ankled Himanshu Patel as Chief Financial Officer. 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.
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.
First Data serves 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.
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