Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, has announced that Raj Seshadri will join the company's Board of Directors, effective November 30, 2026. In the same announcement, the company said that Henrique De Castro will not seek reelection to the Board at the annual meeting of shareholders in 2027.

Seshadri currently serves as Senior Strategic Advisor to the Chief Executive Officer of Mastercard Inc where she advises on emerging strategic priorities. Over the course of a career spanning more than a decade at Mastercard, she served as Chief Commercial Payments Officer, leading one of Mastercard's largest growth businesses. That portfolio encompassed commercial cards, B2B accounts payable and receivable solutions, bill payments, remittances, and disbursements.

Before leading Commercial Payments, Seshadri served as President of Mastercard's Data & Services business, overseeing a global portfolio of analytics, insights, loyalty, cybersecurity, and innovation solutions. She also served as President of U.S. Issuers, where she led relationships with many of the nation's largest financial institutions.

Those domains — commercial payments, data and analytics, and issuer relationships — sit at the meeting point of banking and commerce that Fiserv itself describes as its strategic focus, making her profile closely aligned with the expertise the board says it is seeking.

Beyond Mastercard, Seshadri has held numerous senior leadership positions at BlackRock, Citigroup, U.S. Trust, and McKinsey & Company. She currently serves on the Board of Directors of Raymond James Financial, Inc.

“Raj is a highly respected financial services and payments leader whose career has been defined by driving growth, innovation, and strategic transformation across banking, payments, and data analytics,” said Gordon Nixon, Chairman of the Fiserv Board of Directors. “As we continue to accelerate innovation at the intersection of banking and commerce, Raj's insights and perspective will be a tremendous asset to Fiserv and our Board.”

Nixon also acknowledged the departing director: “We are grateful to Henrique for his service on the Board and his lasting contributions. We thank him for his thoughtful counsel over many years.”

According to the company, Seshadri's appointment is consistent with the Board's ongoing commitment to maintaining the right mix of skills to advance Fiserv's strategy. It further enhances the Board's collective expertise as Fiserv works to unite commerce and finance, powering sustained growth and innovation at scale for financial institutions and businesses around the world.

For readers tracking the changes, the timeline unfolds in two stages: Seshadri is set to take her seat on November 30, 2026, while De Castro will remain on the Board until the 2027 annual meeting of shareholders, at which point he will not stand for reelection.

The announcement was originally published by GlobalFinTechSeries; additional information is available in the original announcement and on Fiserv's official website.