This content is from: Research

The 2017 Tech 40: Guy Chiarello

  • By Peter Vasiliev

16. Guy Chiarello
President
First Data Corp.
Last year: PNR

No online and mobile payments system in the world is bigger than Alipay, a service of Alibaba's Ant Financial Services Group, with 450 million active users. For its entry into North America this year, Alipay turned to the biggest of all payment processors, First Data Corp., with a network serving 6 million business locations and 4,000 financial institutions in more than 100 countries, handling 2,800 transactions per second, adding up to $2.2 trillion annually. "Staggering" is how First Data president Guy Chiarello describes it — not just the volume numbers, but also the data byproducts, "the macro- and micro-level information" they yield for insights on consumer spending habits and trends. To deal with the complexities and deliver on the opportunities takes a technology company, Chiarello says. First Data is exactly that, with a New York money-center flavor, given that Chiarello has served as chief information officer of Morgan Stanley and JPMorgan Chase & Co., and chair and CEO Frank Bisignano is a former JPMorgan co-COO and former CEO of Citigroup Global Transaction Services. Chiarello, 57, says his experiences as a prominent Wall Street CIO were ideal preparation for $11.6 billion-in-revenue First Data, which, since going public in a record-setting 2015 IPO, has been paying down debt from a Kohlberg Kravis Roberts leveraged buyout and turned profitable in 2016. The debt overhang did not prevent dealmaking and product development like that which followed the 2013 acquisition of Clover, a Silicon Valley remote-payments startup that Chiarello says is a game-changer.


The 2017 Tech 40
1. Adena Friedman
NASDAQ
2. Catherine Bessant
Bank of
America Corp.
3. Robert Goldstein
BlackRock
4. Jeffrey Sprecher
Intercontinental Exchange
5. Lance Uggla
IHS Markit
6. Shawn Edwards & Vlad Kliatchko
Bloomberg
7. David Craig
Thomson Reuters
8. Michael Spencer
NEX Group
9. Don Callahan
Citigroup
10. Elisha Wiesel
Goldman Sachs Group
11. Michael Bodson
Depository Trust & Clearing Corp.
12. Terrence Duffy
CME Group
13. Charles Li
Hong Kong Exchanges and Clearing
14. Sean Belka
Fidelity Investments
15. Chris Concannon
CBOE Holdings
16. Guy Chiarello
First Data Corp.
17. Steven Lieblich
Citadel
18. David Rutter
R3CEV
19. Blythe Masters
Digital Asset Holdings
20. Alfred Spector
Two Sigma Investments
21. Neil Katz
D.E. Shaw Group
22. Lee Olesky
Tradeweb Markets
23. Richard McVey
MarketAxess Holdings
24. David Gledhill
DBS Bank
25. Seth Merrin
Liquidnet Holdings
26. Antoine Shagoury
State Street Corp.
27. Peter Brown &
Robert Mercer
Renaissance Technologies
28. Lou Eccleston
TMX Group
29. Peter Cherecwich
Northern Trust Corp.
30. Mike Chinn
S&P Global Market Intelligence
31. Chris Corrado
London Stock Exchange Group
32. Neal Pawar
AQR Capital Management
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
Numerix
35. Sebastián Ceria
Axioma
36. Brian Conlon
First Derivatives and Kx Systems
37. Tyler Kim
MaplesFS
38. Michael Cooper
BT Radianz
39. Robert Schifellite
Broadridge Financial Solutions
40. Jim Minnick
eVestment

Related Content