David Yates has joined Siris as an government associate. Yates most lately served as president of Mastercard’s new cost platforms and government chairman of VocaLink, a Mastercard firm.
GLOBAL PAYMENTS EXECUTIVE DAVID YATES JOINS SIRIS AS EXECUTIVE PARTNER
New York, July 15, 2019 – Siris, a number one personal fairness agency targeted on investing and driving worth creation in expertise and telecommunications firms, at present introduced that David Yates has joined the agency as an Government Accomplice. Mr. Yates most lately served as President of Mastercard’s New Cost Platforms and Government Chairman of VocaLink, a Mastercard firm. Mr. Yates will collaborate with the agency’s funding staff and its different Government Companions to assist consider potential funding alternatives for Siris in addition to assist oversee the operations of its portfolio firms.
Mr. Yates developed a ardour for constructing funds companies world wide all through his 35-year profession. Previous to Mastercard buying VocaLink in June of 2017, Mr. Yates served as its Chief Government Officer for six years, the place he targeted on powering innovation to extend the corporate’s competitiveness within the provision of cost options globally.
Earlier in his profession, Mr. Yates served as president of Western Union, the place he drove worth creation by diversifying Western Union’s enterprise into on-line cash switch and enterprise funds. Earlier than Western Union, Mr. Yates spent six years as president of First Information Worldwide, the place he was accountable for constructing First Information’s actions outdoors of the US, together with the service provider buying, service provider transaction processing, issuer processing and ATM community options companies. Mr. Yates additionally beforehand served on the board of administrators of WorldPay, by means of its profitable preliminary public providing.
Frank Baker, Co-Founding father of Siris, commented, “David is a extremely completed chief and boasts an distinctive observe document of advancing strategic and operational initiatives and producing worth for funds companies. With greater than three a long time of expertise in constructing companies globally, we’re assured that David will drive operational excellence at our portfolio firms and contribute useful funding insights to our agency as we supply potential alternatives.”
Mr. Yates earned a grasp’s diploma in regulation from Oxford College.
Mr. Yates will be part of 13 skilled working executives on the Siris Government Accomplice staff. Government Companions are usually not staff of Siris, however present invaluable sourcing and due diligence help to the Siris staff and assist direct strategic and operational enhancements post-investment.
Siris is a number one personal fairness agency that invests primarily in mature expertise and telecommunications firms with mission-critical services, dealing with trade modifications or different important transitions. Siris’ improvement of proprietary analysis to establish alternatives and its in depth collaboration with its Government Companions are integral to its strategy. Siris’ Government Companions are skilled senior working executives that actively take part in key features of the transaction lifecycle to assist establish alternatives and drive strategic and operational worth. Siris is predicated in New York and Silicon Valley and has raised practically $6 billion in cumulative capital commitments.www.siris.com