The Western Union Company (NYSE: WU), a world leader in global money transfer services, today announced it has named John T. Brennan vice president business development, The Americas, focusing on the U.S. banking channel.
"We are delighted to have John join Western Union, he comes with a solid 25 year track record in developing banking products and services in support of companies such as Dun & Bradstreet, First Data, Visa USA and Barclays Bank, while building strong relationships with top-tier banks, including Bank of America, Wells Fargo, JPMorgan Chase and Citigroup, among others," said Stewart A. Stockdale, executive vice president and president, The Americas, Western Union.
"With John's wealth of banking experience, Western Union will continue to aggressively build upon its North America banking strategy to better serve new consumer segments and build relationship with key banks to offer consumers more financial services options when it comes to sending money to family and friends in the U.S. or around the globe."
Brennan will report to Carter Hunt, senior vice president, strategic accounts and business development, The Americas.
As Western Union expands its service offerings, in an effort to strongly position money transfers to consumers, it looks to tap into consumer banking channels including: Cash-to-Cash, Account-to-Cash, and Account-to-Account.
Brennan joins Western Union from Dun & Bradstreet, where he served as global solutions leader, managing marketing, risk and supply management solutions in support of Citigroup NA, Merrill Lynch and Prudential. Prior to that, he was senior vice president for First Data's Debit Services, Enterprise Client Relations unit managing relationships with Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, Washington Mutual, Key Bank, PNC, Citizens Bank, and SunTrust.
As senior vice president sales and integrated solutions at Visa USA, Brennan spent 14 years promoting Visa products (credit card, commercial card and check card products) for three of Visa's largest member banks: Citibank, JPMorgan Chase and Fleet, among other areas of increasing responsibilities.
Earlier in his career, Brennan worked for Barclays Bank International, Interpayment division and Chase Manhattan Travelers Cheques Service, the second largest issuer of Visa travelers cheques worldwide at the time. He is a graduate of Rutgers University and has completed an executive development program at the University of Pennsylvania, The Wharton School.
Recently, Western Union signed agreements with U.S. Bank, the sixth largest commercial bank in the United States to offer the Western Union® global money-transfer service across 2,791 U.S. Bank branch locations in 24 states; and with Fidelity National Information Services® (FISTM), a leading provider of processing and technology solutions for financial institutions throughout the world with more than 8,500 banking institution clients throughout the United States.