Dive Brief:
- Fiserv is hiring Takis Georgakopoulos, JPMorgan Chase’s former head of global payments, as a senior adviser, the payments processor said Thursday in a press release.
- Fiserv did not fully describe Georgakopoulos’s job duties but said he will also be an executive vice president and member of the management committee.
- Georgakopoulos will start work at Fiserv on Sept. 3, the company said.
Dive Insight:
JPMorgan announced Georgakpoulos’s departure this month “to pursue an opportunity outside the firm.”
Georgakopoulos, in a LinkedIn post, teased the opportunity as one “to be announced in due course.”
The destination is Fiserv, it turns out.
Georgakopoulos will “work closely with the Fiserv executive team on driving positive client outcomes and delivering best in class technology across the enterprise,” the company said in its release.
A Fiserv spokesperson said she could not provide any additional details about his job duties.
Before his 17-year stint at JPMorgan, Georgakopoulos was a partner at the global consulting firm McKinsey & Co., advising major banks, Fiserv said in the release.
At JPMorgan, he oversaw all aspects of the company’s payments division.
Georgakopoulos in 2022 was credited as the architect of a deal that gave JPMorgan a 48.5% stake in the Greek fintech Viva Wallet. That combination has since soured into legal action. Georgakopoulos’s departure from JPMorgan surfaced in comments Viva Wallet CEO Haris Karonis made about a recent court decision.
“I hope that the recent leadership changes within JPMorgan Payments will provide an opportunity to restart constructive dialogue and to facilitate [Viva’s] growth,” Karonis wrote in a blog post last week.
