First Data Corporation announced a series of appointments to its senior leadership team. This strengthening of the company's management committee represents an important part of the company's ongoing transformation from a payments processor to a collaborative technology company and solutions provider for merchants and financial institutions around the world. The company appointed two current executives to new roles: Barry McCarthy to lead four strategic businesses including the STAR Network and Sanjiv Das to lead the company's International business.

In addition, the company announced two significant new hires: Andrew Gelb to lead the Financial Services business and Adam Rosman as General Counsel. Barry McCarthy has been tapped to lead four strategic businesses, including the company's STAR Network, the leading independent debit network. The other businesses he will lead, TeleCheck, Money Network and Prepaid Solutions, were also identified as strategic growth opportunities, especially in the mobile arena given the company's recently announced collaboration with Apple on ApplePay.

Importantly, the debit network market alone generates $4.2 billion in revenue each year representing a significant growth opportunity for STAR. A 10-year First Data veteran, McCarthy successfully led the turnaround of the First Data Financial Services division, and will be building a team to strengthen and grow these businesses into a separate the company operating unit. Andrew Gelb, the new leader of the company's financial services business, has spent nearly two decades at Citi where he most recently led their Treasury and Trade Solutions business in North America.

As leader of the financial services business, Gelb will have responsibility for a range of services including credit and debit card issuing solutions, statements, card production, lockbox and online banking. Gelb brings to the company a distinguished track record of building and growing global businesses and a unique international background which will be helpful as the Financial Services business expands. Gelb's diverse experience spans leadership positions throughout Citi's transaction services businesses in North America, EMEA and Japan.

Sanjiv Das will lead the company international business and drive growth around the world. Das joined the company in 2014 from Citi, where he served most recently as CEO and president of CitiMortgage Inc. He also served on Citi's operating committee and is broadly regarded as one of the main architects in the turnaround of Citi's mortgage business in the wake of the financial crisis. Das will now oversee the company's international business.

He has a successful track record of leading large, complex businesses both within the United States and internationally. Das succeeds John Elkins, who will now serve as Chairman of International of the company. Sanjiv Das will lead the First Data International business and drive growth around the world.

Das joined First Data in 2014 from Citi, where he served most recently as CEO and president of CitiMortgage Inc. He also served on Citi's operating committee and is broadly regarded as one of the main architects in the turnaround of Citi's mortgage business in the wake of the financial crisis. Das will now oversee First Data's international business, which has operations in 35 countries and provides payment technology and processing solutions in nearly 70 countries. He has a successful track record of leading large, complex businesses both within the United States and internationally.

Das succeeds John Elkins, who will now serve as Chairman of International of First Data. Adam Rosman will serve as the company's new General Counsel. An accomplished and respected lawyer, he joins the company from Willis Group Holdings plc, where he was General Counsel and led the company's worldwide legal, compliance, risk, audit and corporate secretary functions.

At First Data Rosman will oversee the company's in-house attorneys and outside counsel and be responsible for all legal matters. Previously, Rosman was a partner at Zuckerman Spaeder LLP. Rosman succeeds Dave Money, who will now serve as Vice Chairman of the company prior to his retirement.