# Devin McGranahan

> Devin B. McGranahan is President, Chief Executive Officer and a director of Western Union, a role he assumed in December 2021 after senior positions at Fiserv and more than two decades at McKinsey. Educated in mechanical engineering, economics and business, he is pursuing competitive pricing, broader financial services and digital settlement at the remittance company. Away from work, he races the family yacht Dream Crusher with a crew that has included his wife, sons, brother and college roommate.

- **Role:** President and Chief Executive Officer at The Western Union Company
- **Organizations:** The Western Union Company, Fiserv, Inc. (former executive), McKinsey & Company (former senior partner), Business Roundtable
- **Education:** Master of Business Administration, Harvard Business School, Bachelor of Science in Mechanical Engineering, University of Pennsylvania, Bachelor of Science in Economics, Wharton School, University of Pennsylvania
- **Known for:** Oversaw merchant acquiring and processing at Fiserv, with responsibility for Carat, Clover Connect and Clover Business Solutions initiatives., Held senior practice and partner-selection leadership roles at McKinsey., Skippered Dream Crusher, which recorded the best ORC corrected time in the 2021 Annapolis-to-Newport Race.

## Career timeline

- **1992** — Joined McKinsey & Company.
- **2009–2016** — Co-led McKinsey’s North America financial services practice.
- **2013–2016** — Led McKinsey’s global insurance practice.
- **2013–2015** — Co-chaired McKinsey’s global senior partner election committee.
- **2016–2018** — Group President, Billing and Payments Group, Fiserv.
- **2018–2021** — Executive Vice President and Senior Group President, Global Business Solutions, Fiserv, as dated in Western Union proxy disclosures.
- **2021** — Became Western Union President and CEO on December 27, succeeding Hikmet Ersek; also joined its board.
- **2022** — Introduced Evolve 2025 at Western Union’s October investor day.
- **2026** — Led Western Union as it launched USDPT on May 4.

## Achievements

- Oversaw merchant acquiring and processing at Fiserv, with responsibility for Carat, Clover Connect and Clover Business Solutions initiatives.
- Held senior practice and partner-selection leadership roles at McKinsey.
- Skippered Dream Crusher, which recorded the best ORC corrected time in the 2021 Annapolis-to-Newport Race.
- Introduced Western Union’s Evolve 2025 strategy in October 2022.

## Latest updates

- **2026-07** — Western Union reported Q2 revenue of approximately $1 billion, down 1% year over year on a reported basis; Branded Digital reported revenue grew 7%. McGranahan discussed a cost program targeting $50 million in annualized operating savings by year-end.
- **2026-05** — Western Union launched USDPT on Solana, issued by Anchorage Digital Bank; described development plans for agent settlement, digital-asset access and consumer use cases.
- **2026-03** — Appeared at the Digital Asset Summit in New York in a discussion with Jason Yanowitz on stablecoins and local liquidity.
- **2025-11** — Discussed competitive pricing and the Kroger renewal at the J.P. Morgan Ultimate Services Investor Conference.

## Links

- Website: https://www.westernunion.com/global/en/corporate/leadership-team.html
- LinkedIn: https://www.linkedin.com/in/devinmcgranahan

---

Profile page: https://yespress.io/devin-mcgranahan
Published by YesPress — https://yespress.io
Last updated: 2026-10-22