First Data signs on former British PM
(9 October 2017 – Global) Electronic payment provider, First Data, has appointed former British Prime Minister David Cameron to its International Advisory Board.
In a statement, the firm said Cameron will “work on strengthening First Data’s presence in key regions around the world and expanding the company’s footprint in new and existing markets.”
“David Cameron is one of the world’s most well-regarded leaders and we are truly honored to have him join First Data in his capacity on our International Advisory Board,” said Frank Bisignano, Chairman and Chief Executive Officer of First Data.
“The payments industry is evolving rapidly in this era of dramatic change, and as we work to strengthen and grow our presence in key markets, David Cameron’s experience and advice will be invaluable to both First Data and our global clients.”
“I am incredibly proud that during my time as Prime Minister, the United Kingdom became a global force in Fin-Tech,” said Cameron.
“I remain passionate about the opportunities that exist for British and international companies that are developing exciting technologies both for businesses and consumers – technologies that have the potential to revolutionize the way we all live our lives.
“Frank and his team at First Data have had tremendous success over the years and I am delighted to work alongside them, continuing my association with the Fin-Tech sector, and supporting First Data enhance its international presence.”
Following Britain’s decision to leave the European Union in June 2016, something Cameron campaigned against, he stepped down as Prime Minister and Conservative Party Leader and, later that year, from Parliament. Cameron had served as Leader of the UK’s Conservative Party for eleven years from 2005 to 2016, and as Member of Parliament for the Oxfordshire constituency of Witney since 2001.
His job was signed off by the advisory committee on business appointments (Acoba), which makes recommendations on new positions for ministers after they leave office.
Because he stepped down as an MP in September last year, Cameron will not have to declare how much he is paid.
First Data’s International Advisory Board was formed in 2015 and is comprised of outstanding leaders of the global business community dedicated to expanding First Data’s growth in new and existing markets and advising company management on issues related to products, services and programs designed to help First Data clients grow their business.