Richard Fairbank vs Devin McGranahan

Richard Fairbank

CEO of Capital One

BIO: Mr. Richard D. Fairbank is the Founder of Capital One Bank and serves as its Chairman and Chief Executive Officer. Mr. Fairbank founded Capital One Financial Corporation in 1988 and has been its Executive Chairman since February 28, 1995, Chief Executive Officer since July 26, 1994 and President since April 24, 2003. He co-founded Advocate Financial LLC in 1998. He has been Head of MasterCard's U.S. region since 1995. He serves as the Chairman and Chief Executive Officer of Capital One Auto Finance and Chairman of Capital One, F.S.B., two of Capital Ones primary lending subsidiaries. He founded North Fork Bank and served as its Chairman and Chief Executive Officer. Mr. Fairbank began his career in 1981 with Strategic Planning Associates, spending a total of seven years consulting in different industries. Based on his belief that information and technology would change the world of consumer marketing, he developed the idea that would ultimately become the hallmark of Capital One???-its Information Based Strategy (IBS). He served as the Chairman of MasterCard's U.S. region at MasterCard Worldwide Inc. from March 2002 to February 2004. Mr. Fairbank has been an Executive Director of Capital One Financial Corporation since July 26, 1994. He serves as a Director of Capital One's three principal subsidiaries, Capital One Bank the Bank, Capital One, F.S.B. the Savings Bank and Capital One Auto Finance Inc. He served as Director of Mastercard Incorporated since 2003. He served as a Director of MasterCard Worldwide since 2003 and served as Director of MasterCard's U.S. region from March 1995 to February 2004. Mr. Fairbank served as Director of MasterCard International Incorporated since 2003. Mr. Fairbank began his career in 1981 as a consultant with Strategic Planning Associates (SPA) (which later became Mercer Management) spending seven years as a consultant and specialising in the banking industry. He has received many honors and awards including being named Best Chief Executive Officer in specialty finance by Institutional Investor magazine and Business Leader of the Year by Washingtonian Magazine. Mr. Fairbank has often been recognized for his community and industry leadership, including his 2008 appointment to the President's Council on Service and Civic Participation. He also was honored as a 2008 Washington Business Hall of Fame Laureate and was named 2006 Banker of the Year by the American Banker. Mr. Fairbank graduated with a bachelor's degree in economics from Stanford University and received an MBA from the Stanford Graduate School of Business.

Devin McGranahan

CEO of Western Union

BIO: Devin McGranahan is President, Chief Executive Officer, and Director of The Western Union Company, a global leader in cross-border, cross-currency money movement. After more than 25 years of business and leadership experience, McGranahan joined Western Union as its CEO in late 2021. Previously, he was Senior Group President, Global Business Solutions at Fiserv, Inc. In that role, McGranahan oversaw the company’s global merchant acquiring and processing businesses. During his tenure he was responsible for the launch of the Carat enterprise merchant omni-commerce platform, the development and launch of the Clover Connect integrated software vendor (ISV) platform, and the launch and acceleration of Clover Business Solutions, Fiserv’s digital-direct merchant platform. These capabilities propelled Clover to become the largest cloud-based SMB merchant platform in the market and grew the omni-channel business to over $1 billion in revenue. McGranahan previously spent 20+ years at McKinsey & Co., where he served as a Senior Partner, engaging with leading financial services companies on a broad range of strategy, payments, and business-building opportunities. McGranahan also held a variety of other senior management roles at the firm, including co-leading the North America Financial Services Practice and being a co-chair of the senior partner selection committee. McGranahan holds a Master of Business Administration from Harvard Business School, a Bachelor of Science in Mechanical Engineering from the University of Pennsylvania, and a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.