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Welsh, Carson, Anderson & Stowe Expands Leadership with Gene Lockhart's Appointment

On September 16, 2025, Welsh, Carson, Anderson & Stowe (WCAS), a prominent private equity firm with a strong focus on the technology and healthcare sectors, announced the notable addition of Gene Lockhart as an operating partner. Lockhart, recognized for his distinguished career as a former CEO and President of Mastercard, as well as leading roles at Bank of America, brings a wealth of experience to the firm.

A Strategic Move in Financial Services

Ryan Harper, General Partner at WCAS, commented on the strategic importance of this appointment. He highlighted Lockhart as one of the most esteemed figures in financial services, noting that his extensive background in scaling growth-stage fintech platforms and developing high-performance teams promises to add significant value to WCAS's initiatives and investment portfolio.

Harper stated, “Gene’s extensive knowledge and leadership experience will greatly enhance our work in financial and technology sectors.” This addition is a reflection of WCAS's commitment to align with exceptional leaders who are geared towards propelling growth within their portfolio.

Sidney Ouyang, another General Partner at WCAS, reinforced the sentiment, emphasizing Lockhart's proven track record in finance-related technologies is invaluable to both the firm’s investment team and its portfolio executives.

Gene Lockhart’s Remarkable Career

Lockhart’s career spans over several decades of operational leadership and strategic investment, making him the ideal candidate for enhancing WCAS's portfolio offerings in fintech, data analytics, and enterprise software. Previously, he was at the helm of Mastercard International, where he steered the company through a crucial transformation of its global payments infrastructure. His experience doesn’t end there; he has also served as the CEO of Midland Bank PLC and held the position of President of the Global Retail Bank at Bank of America Corporation. In addition to these roles, he was the President of Consumer Services at AT&T.

His leadership extends beyond executive roles; Lockhart has contributed to the boards of more than two dozen influential companies, including Huron Consulting, Cognizant, and NuBank. Furthermore, he is the Chairman Emeritus and co-founder of Mission OG, a firm specializing in financial technologies and growth investments.

Commitment to Operational Excellence

Lockhart expressed his enthusiasm about joining WCAS, citing the firm’s longstanding reputation for collaboration with strong management teams to build successful businesses. He remarked, “The firm’s dedication to operational excellence and long-term partnerships resonates deeply with me.” Lockhart's vision aligns seamlessly with WCAS's goal to cultivate industry-leading platforms in the financial services and enterprise technology sectors.

As he embarks on this new chapter at WCAS, the expectation is that his unparalleled experience will catalyze further growth within the portfolio, enhancing the firm's capabilities in navigating and succeeding in the dynamic landscape of the fintech industry.

About Welsh, Carson, Anderson & Stowe

Welsh, Carson, Anderson & Stowe is a top-tier private equity firm in the U.S. that concentrates on technology and healthcare industries. Established in 1979, WCAS's philosophy revolves around collaborating with exceptional management teams to enhance business value for investors through operational improvements, growth initiatives, and strategic acquisitions. The firm has successfully raised and managed over $33 billion in committed capital, showcasing its proficiency in the private equity arena. For more detailed information, visit www.wcas.com.