Financial technology company FIS announced financial services veteran John Durrant has joined the organization and will assume the role of President of the company’s Banking Solutions business effective Sept. 1.

Durrant comes to FIS with 25 years of consumer, commercial and small business banking, and payments experience, working for some of the most prestigious financial institutions in the United States including Bank of America, Chase, Morgan Stanley and, most recently, Capital One.

“I am thrilled to welcome John to FIS knowing that he brings the experience and vision to lead our Banking Solutions business into the future,” said FIS President Stephanie Ferris. “John is client-obsessed and has fostered a culture of innovation throughout his entire career. These qualities make him a perfect fit for FIS and will help him have an immediate impact on our clients and our colleagues.”

Durrant succeeds Martin Boyd who recently announced his retirement from FIS. Boyd will step down from his current role of FIS Banking Solutions President effective Sept. 1. However, he will remain with the company through the end of the year to ensure a smooth transition.

Throughout his 25-year career with FIS and its predecessor companies, Boyd has held a variety of global operational and strategic leadership positions in fintech solutions, capital markets, treasury management, asset management and international distribution. Boyd oversaw the development and launch of solutions and services centered across the full client experience, allowing clients to borrow, save, pay and invest, while helping wealth and retirement providers to acquire, manage and grow assets around the world.

“I want to congratulate Martin on a tremendous career and thank him for the role he has played in driving FIS’ success,” said Ferris. “Martin has personified what it means to lead with integrity. His passion is our people and he consistently demonstrated that passion by championing workplace inclusivity and building diverse, high-performing teams.”