Brookfield-based financial services technology developer Fiserv Inc. has hired a new president for its Billing and Payments group.
Devin McGranahan will assume the role on Nov. 1, succeeding Rahul Gupta, who will leave Fiserv in December.
McGranahan has more than 25 years of experience in business and leadership. He most recently was senior partner at McKinsey and Co., based out of Pittsburgh, where he worked with financial services companies on strategy, payments and business-building. At Fiserv, McGranahan will be responsible for oversight of the Biller Solutions and Output Solutions businesses. He earned an MBA from Harvard Business School, as well as a bachelor’s in finance and a bachelor’s in mechanical engineering from the University of Pennsylvania.
“Devin brings unique perspective to Fiserv,” said Jeffery Yabuki, president and chief executive officer of Fiserv. “As part of his role at McKinsey he worked closely with our organization over the past decade, and also advised multiple companies, many of which are Fiserv clients, on navigating the transformation of financial services. His proven strategic leadership in financial services makes him a strong addition to the Fiserv team.”
Gupta has worked at Fiserv since 2006, serving as Billing and Payments group president since 2014, and is one of 12 members of the company’s executive committee. He previously was president of the Card Services Division at Fiserv. Before he joined Fiserv, Gupta was president of U.S. operations for eFunds Corp. He has more than 30 years of financial services and payments industry experience, and will assist McGranahan in the transition through the end of the year.
“Rahul is leaving Fiserv to pursue opportunities closer to his home in California,” Yabuki said. “He has played an important role in our company’s evolution, driving success for Fiserv across a variety of payments-specific leadership positions over the last 10 years. We thank him for his many contributions and wish him and his family well in the future.”
Fiserv develops technology including digital banking and electronic payment tools for banks and credit unions. The company has $5.1 billion in revenue and about 24,000 employees at 148 global offices.
