Fidelity National Information Services (FIS), a financial technology company, announced changes to its board this Thursday. The firm released a statement noting that Alexander Navab and Brian Shea have been appointed to the board of directors.
Navab has been in the financial services industry for over thirty years. During the 1980s he spent time with both Goldman Sachs, in the investment banking department, and James D. Wolfensohn, where he worked in mergers and acquisitions.
It is for his work with Kohlberg Kravis Roberts and co. (KKR), however, that Navab is best known. He joined the investment management firm in 1993 and remained there until September of 2017. In 2008 he was appointed co-head of the firm’s Americas private equity division and, in 2014, he became sole head of that division.
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Navab will be accompanied in his new role by Shea, another industry veteran. Shea started out with Pershing in 1983 – an asset management firm acquired by the Bank of New York in 2003.
It was for the Bank of New York Mellon (BNY Mellon) that Shea most recently served. From 2014 until his departure from the firm in December of 2017, She was Vice Chairman and Chief Executive Officer (CEO) of investment services for BNY Mellon.
Commenting on the two new additions to the company board, FIS’s CEO, Gary Norcross, said: “FIS is extremely fortunate to have such talented individuals joining our Board. We look forward to working with Alex and Brian and benefiting from their experience and expertise as we continue to empower the financial world.”