Equifax Announces New Head of Corporate Development

Rhea-AI Summary

Equifax (NYSE: EFX) has appointed Sunil Bindal as Senior Vice President of Corporate Development, effective immediately. Bindal, who reports to CEO Mark Begor, brings extensive experience in mergers and acquisitions, previously serving as SVP at Total System Services. His notable achievements include playing a key role in a $60 billion merger with Global Payments. Bindal's leadership will enhance Equifax's strategy focusing on leveraging a $1.25 billion cloud data transformation for growth, positioning the company for opportunistic acquisitions.

Positive

• Appointment of Sunil Bindal strengthens Equifax's leadership in mergers and acquisitions.
• Bindal's track record includes a $60 billion merger, showcasing his capability.
• Focus on leveraging $1.25 billion cloud transformation for future growth.

Negative

• None.

ATLANTA, Oct. 9, 2020 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) has named Sunil Bindal as Senior Vice President of Corporate Development, effective immediately. In this critical role, Bindal will report to Mark Begor, Equifax CEO, and serve on the company's Global Senior Leadership team.

An established leader in mergers & acquisitions, Bindal joins Equifax from Total System Services (TSYS), where he most recently served as SVP, Global Head of Mergers & Acquisitions and Corporate Development. In that role, Bindal was responsible for several key acquisitions, including the $60 billion merger of TSYS with Global Payments to create the largest pure play payments company.

"As a leading data, analytics and technology company, leveraging Equifax's $1.25 billion cloud data and technology transformation for growth is at the center of our strategy for the future and we are energized to add Sunil to our leadership team to lead our global M&A efforts," said Mark Begor, Equifax CEO. "He has an impressive track record of success, and his addition to our team better positions us to be opportunistic as we focus on adding new data assets and capabilities through acquisitions." 

Prior to TSYS, Bindal served as Vice President of Corporate Development at Broadridge Financial Solutions, during which he led several high-profile acquisitions. He also brings significant experience in the growth-oriented technology sector, having served as Director of Technology M&A at Credit Suisse. During his tenure, he led the execution of ~$20 billion in global M&A transactions and was awarded the Credit Suisse Deal of the Month.

Bindal holds an M.B.A. from The University of Chicago, dual Master of Science degrees in Computer Science and Chemical Engineering from Illinois Institute of Technology, and a Bachelor of Technology degree from the Indian Institute of Technology Bombay. 

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com

For more information
mediarelations@equifax.com

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SOURCE Equifax Inc.

FAQ

Who is the new Senior Vice President of Corporate Development at Equifax?

Sunil Bindal has been appointed as the new Senior Vice President of Corporate Development at Equifax.

What experience does Sunil Bindal have in mergers and acquisitions?

Sunil Bindal has significant experience in mergers and acquisitions, previously serving as SVP at Total System Services and leading numerous high-profile transactions.

What is Equifax's strategy for future growth?

Equifax's strategy focuses on leveraging its $1.25 billion cloud data transformation and pursuing opportunistic acquisitions.

When was Sunil Bindal appointed to Equifax?

Sunil Bindal was appointed as Senior Vice President of Corporate Development on October 9, 2020.