Lightyear Capital Names Former Fiserv Executive Marc West as a Senior Advisor
Former Chief Information Officer of Fiserv to Support Lightyear’s Fintech Investment Activities
New York, NY—August 17, 2021—Lightyear Capital LLC (“Lightyear”), a New York-based private equity firm focused on financial services, has appointed Marc West as a Senior Advisor to Lightyear Fund V, L.P. and its parallel investment vehicles (“Fund V”).
Mr. West is an experienced and knowledgeable leader in fintech who has successfully scaled and led businesses by leveraging technology to streamline operations and digitize financial products and services to improve customer experience and enhance client value proposition.
Mr. West brings extensive leadership and knowledge of financial technology related to Fund V’s investment themes, including the digitization of financial products and services, the integration of payments technology, and the growth of data and automation.
“We are delighted to have Marc on board as we explore opportunities for Fund V,” said Mark Vassallo, Managing Partner of Lightyear. “He brings valuable technology and leadership experience in financial services which will benefit our diligence and value creation efforts.”
Mr. West recently served as Chief Information Officer at Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions and a Fortune 200 company. In this role, Mr. West oversaw information technology infrastructure and operations, corporate systems, enterprise architecture, technology governance, and led the company’s strategic focus on next generation technology platforms, including an acquisition strategy from a technology perspective. His responsibilities covered mobile, digital, and payments from core account processing to data services.
Prior to that, Mr. West served in other leadership roles at Fiserv including President, Digital Channels, where he drove strategy, product management, and marketing for a range of digital banking solutions, and Senior Vice President, Banking and Aggregation for Electronic Payments, where he successfully oversaw the development and delivery of money movement products as well as account aggregation tools.
Before joining Fiserv in 2013, Mr. West was the President and CEO at Mamasource, one of the largest e-commerce platforms focused on mothers, where he was responsible for business growth and strategic partnerships. He has also served as Managing Director of e-business at Barclays Global Investors and has held senior leadership positions at H&R Block and Electronic Arts.
Mr. West holds a bachelor’s degree in Computer Science from the University of Maryland and a master’s degree in Human Resource Management from Golden Gate University.
About Lightyear Capital LLC
Founded in 2000, Lightyear is a financial services-focused private equity firm based in New York. Through its affiliated private equity funds, Lightyear makes primarily control investments in North America-based, middle-market companies associated with financial services, including asset management and wealth management, banks and brokerage, commercial and consumer finance, financial technology, healthcare financial services, insurance, and tech-enabled business services. Lightyear brings focus and discipline to its investment process, as well as operating, transaction, and strategic management experience, along with significant contacts and resources beyond capital. For more information, please visit www.lycap.com