At Fiserv, he initially led the companys day-to-day operations as President and Chief Operating Officer before assuming the role of Fiserv Chief Executive Officer in July 2020. As Head of Global Business Solutions, Suzan Kereere oversees the companys merchant-focused offerings, including the Clover business management platform and Carat enterprise omnichannel commerce platform. In this role, he brings more than 25 years of global banking and financial technology experience to Fiserv and is responsible for the growth of the company in the Asia Pacific region. Still. [19] His compensation was rated at approximately $40 million in 2019. On Thursday, March 2, Frank Bisignano, Chairman, President, and Chief Executive Officer, will present at the Evercore ISI Payments & Fintech Innovators Forum, at 2:00 p.m. ET, Presented by studioID and Dun and Bradstreet, Fiserv divestiture hints at strategy shift, Fiserv sheds Korea unit, plans move to Milwaukee, FedNow chases real-time payments front-runners, Synchrony, Bread brace for potential late fee cap impact, Identity verification in the era of digital payments, How Restaurants Can Turbocharge Loyalty Programs with Payment Data. Prior to First Data, Gelb had a distinguished career at Citi, which included nearly two decades in a variety of roles around the globe, including in the United States, Japan, United Kingdom, New Zealand, and Nigeria, among others. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. this year while grappling with profit margin pressure. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Visit fiserv.com and follow on social media for more information and the latest company news. The company has maintained that it has about 44,000 employees around the world. On Thursday, March 2, Frank Bisignano, Chairman, President, and Chief Executive Officer, will present at the Evercore ISI Payments & Fintech Innovators Forum, at 2:00 p.m. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. The company also sold off business units,including its Korea operations and a Costa Rica division. Britt ZarlingCorporate Communications Visit fiserv.com and follow on social media for more information and the latest company news. [1] Starting in 1994, he held a number of executive positions at Citigroup,[2] with American Banker writing that "he got his payments industry bona fides at Citi by running its massive global transaction services unit. He became Chairman of the Board in May of 2022. Fiserv, Inc.+1 212-515-0278 Fiserv CEO Frank Bisignano asserted in a December interview that the company's employee cuts were not made in response to last year's pressures, but reflected Fiserv's long-term strategy following the First Data merger. We continue to refine and improve the way we operate. The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, according to a filing with the Securities and Exchange Commission. Bisignano will replace Jeffery Yabuk and will take over for the company's apex position on July 1. Could Early Warnings bank wallet have a bigger goal? Fiserv is a member of the S&P 500 Index, the FORTUNE 500, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years and named among the Worlds Most Innovative Companies by Fast Company for two consecutive years. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. In addition to industry-leading data governance practices, such as our binding corporate rules, we have formalized our data governance to protect client data and safeguard our information systems. Previously, he was the Chief Information Officer (CIO) at JPMorgan Chase & Co., where he led global technology across all lines of business in more than 60 countries. Sebby held several additional risk management positions during her tenure with First Data, with a significant focus on integrating regional practices into global programs. Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. Within Fiserv, Foskett is executive sponsor of our Thrive Disability Leadership Council Employee Resource Group. He has previously served on numerous prestigious boards, including TAESA, Santander Asset Management UK, the Brazilian Federation of Banks (FEBRABAN) and International Advisory Board of Thomson Reuters. He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs. Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. He also led all of the JPMCs military and veterans initiatives. Want to share a company announcement with your peers? Among a number of non-profit commitments, he serves on the boards of the National September 11 Memorial and Museum, the Mount Sinai Health System, and The Battery Conservancy; and is a member of Business Roundtable, a U.S.-based association of CEOs who use public policy to promote a thriving economy and expanded opportunities for Americans. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . We facilitated 20 billion eCommerce transactions, Our people donated their time and nearly $1 million, supporting more than 2,000 causes during the year, We increased our commitment to helping small, minority-owned businesses in their recovery, Our business enables over 6 million merchant locations and over 10,000 financial institutions every year. Frank Bisignano President and Chief Executive Officer Meet our leadership team The way money moves Fiserv enables money movement for thousands of financial institutions and millions of people and businesses - for a world that never powers down Nearly 6M merchant locations globally 1.4B global accounts on file 12,000 financial transactions Tom attended the U.S. UPDATE: Feb. 8, 2022: Fiserv CEO Frank Bisignano touted the Finxact acquisition during Tuesday's fourth-quarter earnings call, saying the move accelerates Fiserv's momentum and will enable "clients to quickly deploy modular banking services including deposits, loans, cards, as well as launch new banking solutions including a digital bank, He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. Marino is a seasoned HR executive with an outstanding background in financial services. We expanded our Scope 3 GHG emissions reporting to include categories beyond business travel. Palantir is desperate for new customers", "Fiserv COO Frank Bisignano's 2019 pay jumps 232% to $40M", "Fiserv Enters into New Contract with Frank Bisignano", Video of Bisignano on CNBC in February 2014, discussing First Data's partnership with VISA, https://en.wikipedia.org/w/index.php?title=Frank_Bisignano&oldid=1141106138, This page was last edited on 23 February 2023, at 11:05. Frank Bisignano, Fiserv CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings beat, the company's future outlook and more. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century. Still,its share of workers outside the U.S. has grown in recent years as its overall count has stayed the same, based on regulatory filings from 2019, 2020 and 2021. britt.zarling@fiserv.com Before joining First Data, Bisignano served as Co-Chief Operating Officer and Chief Executive Officer of Mortgage Banking at JPMorgan Chase & Co. With more than 30 years of executive leadership experience in banks and global financial institutions, Bisignano also served in multiple leadership positions at Citigroup, including Chief Administrative Officer and Chief Executive Officer of the companys Global Transaction Services unit. Conversations with our clients, our partners and our people move rapidly from idea and what if to the accomplishment of what is. We approach the future with a sense of optimism tempered by the realities of our world today. watch now. We continued to use our Fiserv Cares Fund to assist associates who have experienced unexpected financial hardship during the pandemic, and we continued to prioritize professional development for our people, with programming centered on inclusive leadership and the development of diverse top talent within our organization. Previously, his base salary was $1.32 million, according to the company's 2022 proxy filing. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Yes, we did announce that we were going to relocate people, we were going to have synergies. Under that policy, when the company enters into a new employment, severance or separation agreement with an executive officer that provides cash benefits exceeding 2.99 times the sum of the salary and target bonus, the company will include an advisory vote on that severance arrangement at its next annual shareholders meeting, according to, Webinar Throughout 2021, we continued to enhance our award-winning people platform with programs that support our associates overall health and well-being, including vaccination drives around the world. "[4], Hired as CAO of JPMorgan Chase in 2005, CEO Jamie Dimon "trusted him with integrating the banks purchases of a foundering Bear Stearns Cos. and bankrupt Washington Mutual Inc. during the crisis. As Chief Audit Executive, Sebby oversaw a team providing independent, risk-based, and objective assurance and consulting activities to add value and improve the companys operations. When asked how Fiservwould adapt in the event of an economic downturn, Bisignano, speaking Monday at Citis 2022 FinTech Conference in New York, touted the resilience and durability of the companys business. Chairman, President and Chief Executive Officer. The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, with the Securities and Exchange Commission. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. At the end of the new agreements five-year period, the employment agreement automatically renews for one-year terms unless either Bisignano or the company seeks to terminate it, according to the contract attached to the filing. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. His HR career also includes roles at two "academy" companies long known for human resources best practices, Honeywell International (formerly AlliedSignal) and Pepsi. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Previously, his base salary was $1.32 million, according to the companys. Bisignano will also continue to serve as Chairman of the Board. She is responsible for the Fiserv portfolio of client engagement platforms, such as the companys annual Forum client conference, and was instrumental in establishing a multi-year naming rights agreement for Fiserv Forum, a state-of-the-art sports and entertainment venue in Milwaukee. In 2017, the New York Times reported that his compensation exceeded $100 million. Chairman, President and Chief Executive Officer. Webinar Yes, our merchant business will be affected by consumer spending, but recognize that we have a lot of what I would call staple-related products that we have very, very large market share in, Bisignano said, . , The free newsletter covering the top industry headlines, Payoneer Survey Shows that UK-based and European Businesses Find Cross-Border Payments Challen, By signing up to receive our newsletter, you agree to our, Eugene Gologursky / Stringer via Getty Images. Even as the payments and fintech company cut employees this year, its hired thousands of workers,Fiserv CEO Frank Bisignano said during a Friday interview. watch now. The company serves clients in more than 100 countries, is one of Fortune Worlds Most Admired Companies, and was named among the Worlds Most Innovative Companies by Fast Company in 2021 and 2022. So this is a long-term strategy.. With experience at Fortune 100 companies across global business lines and regional high growth start-ups, Kereere is well-recognized for her accomplishments in digital transformation, sales optimization, front-line customer engagement, and inclusive growth. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud- based point-of-sale and business management platform. His previous contract, which was signed in 2019 and has been amended since then, had an initial term through July 2025, the companys proxy filing said. New contract extends term through 2027 and enhances governance features. Most recently, Chiarello served as Chief Administrative Officer at Fiserv, overseeing the companys technology and operations. Saturday, February 26th, Syracuse University honored Fiserv President and CEO and proud Syracuse parent Frank Bisignano, along with his wife Tracy and other family members, including Sam '11 and Morgan Lituchy '11, with the unveiling of the Bisignano Grand Hall and the Bisignano Family Programs and Services Wing at the National Veterans Resource Center (NVRC) at the Daniel and Gayle D . BROOKFIELD, Wis., March 03, 2022--The Fiserv Board of Directors elected Frank Bisignano, President and Chief Executive Officer and a director of Fiserv, as Chairman of the Board. Prior to the combination of Fiserv and First Data Corporation, Chiarello was the President of First Data Corporation, a global leader in commerce-enabling technology. Looking ahead, we are well-positioned to help our clients accelerate their business strategies and drive outcomes, and we are committed to earning their trust every day. The rule clarification requires more than one debit network be available for routing transactions, including online. He is also responsible for managing day-to-day operations and implementing the companys strategic plan. Fiserv, Inc. (NASDAQ:FISV) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ETCompany Participants. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. Horvath is a graduate of the University of California, San Diego, and earned a masters degree in business administration from the Thunderbird School of Global Management. Keep up with the story. When asked Monday how Fiserv would adapt to an economic downturn, CEO Frank Bisignanosaid the company knows what levers to pull to manage the expense line., Fiserv CEO Frank Bisignano said this week the payments processing giant is equipped to manage tough times.. Could Early Warnings bank wallet have a bigger goal? Hau holds a masters degree in business administration from the USC Marshall School of Business and a bachelors degree in business administration from Marquette University. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. Frank Bisignano. Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. Bisignano . | 1 p.m. Fiserv CEO Frank Bisignano said this week the payments processing giant is equipped to manage "tough times.". She is an advisor to its Women In Leadership (WIL) employee resource group, which she helped to establish and leads the companys high-profile Leading Women Summit. Asher is a graduate of Georgia State University and a member of the American Marketing Association, the International Association of Business Communicators and Marketing 50. Some analysts who follow the company have predicted Fiserv executives will cut costs if needed to achieve earnings-per-share growth. The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. BROOKFIELD, Wis.--(BUSINESS WIRE)--Dec. 21, 2022-- But even as Fiserv made cuts,the company hired thousands of workers last year, Bisignano told Payments Dive during a recent interview. Fiserv hired "thousands" of employees globally this year, even as others . Bisignano joined Fiserv in 2019 as its president and chief operating officer through Fiserv's $22 billion all-stock acquisition of New York City-based First Data Corp., of which Bisignano. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. He resides in New York with his wife and three children. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Keep up with the story. We did not let people go this year, other than we hired thousands of people in new locations, and other people didnt move, Frank Bisignano said Friday. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. Previously, Hau served as Chief Financial Officer for Lennox International Inc. Hau also spent 22 years at Honeywell International Inc. in a variety of progressive financial and operations leadership roles, including serving as Chief Financial Officer of its Aerospace Business Group, Specialty Materials Business Group and Aerospace Electronic Systems Unit. Gustavo Marin is Head of Latin America at Fiserv, Inc., where he is responsible for the growth of the company in the Latin American region. He has also held division general counsel and senior compliance roles with J.P. Morgan Chase & Co. and Marsh & McLennan. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc. From the transformative power of intelligent technology we are delivering and its impact on the way people live and work, and the way money and information move, to the people-centered programs we are driving that are helping to address todays pressing issues, we are focused on creating impact through our actions to benefit our clients, associates and shareholders. Among a number of non-profit commitments, he serves on the boards of the National September 11 Memorial and Museum, the Mount Sinai Health System, and The Battery Conservancy; and is a member of Business Roundtable, a U.S.-based association of CEOs who use public policy to promote a thriving economy and expanded opportunities for Americans. , The free newsletter covering the top industry headlines, Payoneer Survey Shows that UK-based and European Businesses Find Cross-Border Payments Challen, By signing up to receive our newsletter, you agree to our, Ilya S. Savenok / Stringer via Getty Images. Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. He was previously Executive Vice President, Group General Counsel for Willis Group Holdings, responsible for legal, corporate secretary, compliance, and audit and risk management. With more than 30 years of brand building, corporate communications and technology marketing experience, her background includes roles at Per-Se Technologies (now part of McKesson) and Dun & Bradstreet Software. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Fiserv, a Payments and financial services giant, has named Frank Bisignano as its new chief executive officer (CEO) in an official announcement on Thursday. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. This commitment funded our Back2Business program, now in its second year, through which we have already awarded more than 1,400 grants to small, diverse businesses globally and bolstered the entrepreneurial ecosystems that sustain them. Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. Bisignano will also continue to serve as Chairman of the Board. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. Yabuk is stepping down after heading the company for 15 years. aimed at increasing competition in the industry. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. Keep up with the story. Our supplier diversity processes have been enhanced. Wilcox received his undergraduate degree from Duke University and his Juris Doctor degree from the Georgetown University Law Center. Frank Bisignano is Chairman of the Board, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions for financial institutions, businesses and consumers. He played a critical role in leading the $2.6 billion First Data IPO in late 2015 and was a key partner in multiple strategic transactions including the combination of First Data with Fiserv in 2019. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. ET, Presented by studioID and Dun and Bradstreet, Investors press FIS, Fiserv for divestitures, Fiserv hired thousands of workers this year, CEO says, CEOs Sound Off: Payments execs navigate economic turmoil, Synchrony, Bread brace for potential late fee cap impact, Identity verification in the era of digital payments, How Restaurants Can Turbocharge Loyalty Programs with Payment Data. We also extended our partnership with the Institute for Veterans and Military Families at Syracuse University and were again named to the Military Times Best for Vets Employer List and recognized as a 5-Star Employer by VETS Indexes. During his tenure at First Data, Bisignano transformed the 48-year-old company from the worlds largest traditional payment processor into a technology innovator, industry collaborator, and commerce enabler for the 21st century.