What Happened?
Atlanta, GA-based First Data has Appointed Christopher Augustin as Chief Technology Officer
About the Company
First Data is the global leader in payment technology and service solutions. With 24,000 owner-associates and operations in 35 countries, the company provides secure and innovative payment technology and services to more than six million merchants and financial institutions around the world, from small businesses to the world`s largest corporations. Today, businesses in nearly 70 countries trust First Data to secure and process nearly 2,000 financial transactions per second, totaling $1.8 trillion a year. First Data`s unparalleled infrastructure and partnerships go “beyond the transaction” with next-generation point-of-sale technology fueled by powerful analytics to detect fraud, gain insights into consumer spending, and strengthen customer loyalty. All day, every day, First Data helps its clients thrive in the evolving world of commerce.
About the Person
Christopher Augustin, a financial services technology innovator whose experience spans nearly three decades at some of the world's top firms, has joined First Data, the global leader in payment technology and services solutions, as chief information officer (CIO). In his new role, Augustin will lead the company's software development work, engineering processes and software and application development strategy across the company. Augustin joins First Data from Marked Private LLC, where he served as chief information officer and senior business advisor, responsible for designing and architecting the private messaging and social networking site for immediate market acceptance and future business growth. Prior to Marked Private, Augustin was co-founder and chief information officer for Javelin Capital Markets LLC, where he was involved in all aspects of growing that business. At Javelin, Augustin built a technology and client integration team responsible for designing, developing, deploying and supporting a cutting edge Swap Execution Platform for IRS and CDS. Beginning his career as a programmer at Salomon Brothers, Augustin progressed rapidly, eventually serving as CIO in several large global financial firms. At Citigroup and Bank of America, Augustin was CIO for Global Markets and Investment Banking. At Merrill Lynch, Augustin held the role of Global CIO for all of that firm's 15,000 technologists covering technology strategy, software development, and infrastructure management. Over the years, Augustin has managed a variety of global, mission-critical mergers and technology conversions, including the Salomon Smith Barney merger, the Nikko Joint Venture, the combination of Citibank and Traveler's, and the Bank of America-Merrill Lynch merger. With his more recent experience in high profile technology start-ups, Augustin brings to First Data an entrepreneurial mindset as the payment and processing industry continues to evolve, grow and change. The drivers of this industry transformation are innovation, high-availability technology, infrastructure optimization, continuous improvement, monitoring programs, and close client partnerships, all of which are evident in Augustin's lengthy track record.
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