frank bisignano, fiserv frank bisignano, fiserv

Sebby held several additional risk management positions during her tenure with First Data, with a significant focus on integrating regional practices into global programs. In this role, Gibbons is responsible for leading the business across the EMEA region, where Fiserv has operations in 13 countries and provides issuing, payments software, merchant acquiring and processing services to financial institutions, Fintechs, enterprise and small- and medium-sized businesses. Prior to joining Fiserv, he served as CHRO with First Data. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. Chairman, President and Chief Executive Officer. He is also a member of the Board of Directors for BlueVoyant. The Fiserv Board of Directors elected Frank Bisignano, President and Chief Executive Officer and a director of Fiserv, as Chairman of the Board. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. Her background also includes leadership roles at American Express, including head of U.S. National Merchant Business and head of Global Network Business. Previously, his base salary was $1.32 million, according to the companys 2022 proxy filing. 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. He has led product development and technology for three Fortune 500 companies and is recognized as a leader in the technology industry. Bisignanos annual compensation target had previously been between $10 million and $15 million, according to the 2022 proxy filing. She also served as a liaison to the Federal Financial Institutions Examination Council (FFIEC). 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 pointed to Fiservs merger and integration with First Data, and the combined companys March 2019 pledge to cut costs. He is a graduate of Stanford Law School and Union College, where he graduated magna cum laude and was a member of Phi Beta Kappa. Our Employee Resource Groups were instrumental in guiding decisions on where our financial support would create the greatest impact and we donated to more than 180 organizations globally. The company serves clients in more than 100 countries, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. Gibbons is a graduate of the University of Connecticut and is a dual citizen of both the United States and the U.K. Robert (Bob) Hau is Chief Financial Officerat Fiserv, Inc., and provides oversight for all financial functions of the company. So this is a long-term strategy.. 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 during a webcast of his appearance. These positions included three years as vice president of Enterprise Security, Risk and Compliance, leading security professionals across North America and Europe to create and enforce policies and standards through ongoing internal risk assessments, the facilitation of external assessments and consulting services. 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. Dec 22, 2022 11:02 am. Omnichannel commerce, billing and payments solutions for large merchants and corporates, All-in-one systems for merchants to accept payments and manage their business, Platforms and integrated digital banking solutions to drive customer relationships and growth, Platforms and integrated digital solutions to better serve members, Digital banking, payments and solutions at scale for largest institutions, Financial and payments solutions and connectivity that enable technology providers to quickly reach consumers and new markets, Payments and financial solutions for government, education and utilities, Corporate information, values and history, Financial information and shareholder services, Our commitment to governance, social responsibility, the environment and giving back, Our commitment to a positive workplace for all associates, Details around our annual client conference, Don't have a Fiserv.com profile? Frank Bisignano . 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. As part of this commitment to transparency, this CSR report is aligned with the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) reporting standards. Google Maps. Still, he doesnt expect those headwinds to be worse than the low point of the pandemic and what happened in a shutdown of the economy. At that time, the company was still able to grow its earnings per share by double digits, he said. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: Britt ZarlingCorporate CommunicationsFiserv, Inc.+1 414-526-3107britt.zarling@fiserv.com Investor Relations: Julie Chariell Investor RelationsFiserv, Inc.+1 212-515-0278julie.chariell@fiserv.com, https://www.businesswire.com/news/home/20221221005599/en/. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. Previously, Gelb was Executive Vice President at First Data Corporation since 2014. We will generate expanding margins, Bisignano asserted Monday. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. Tom attended the U.S. As CFO of First Data, Patel was a key leader in the turnaround of the company. 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. He became Chairman of the Board in May of 2022. . Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. 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. 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. Get the free daily newsletter read by industry experts, The e-commerce juggernaut said its offeringa new digital wallet service toits sellersand planning to roll it out more broadly over the next few months.. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. Fiserv Spokesperson Ann Cave declined to share a more specific figure, but said thousands encompasses hiring across all geographies where Fiserv has a presence and represents all areas of the business. Some hiring has been for new roles,while in other situations, the company replaced employees who left, she said. 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. 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. 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. Asher plays a key role in shaping the companys workplace experience and led the design of its flagship office in Alpharetta, Ga., which has served as a model for other Fiserv locations worldwide. Britt ZarlingCorporate Communications He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. Held by the Frank J. Bisignano 2022 Grantor Retained Annuity Trust. Mr. Yabuki is doing nothing visible to preserve this company. With our robust platform of solutions, leading technology, and the best talent, Fiserv will continue to deliver for our shareholders, clients and associates in a dynamic market.". Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. 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. Tom is a graduate of the State University of New York-Maritime College. She holds an M.B.A. from Columbia Business School and a B.A. Published Dec. 19, 2022 Caitlin Mullen Reporter. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. ET, Presented by studioID and Dun and Bradstreet, Fiserv maniacally focused on expense management, Fiserv stands by profit margin expansion target, 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. In this role, he drives revenue growth and client retention and satisfaction through the integration and alignment of revenue-related functions across the organization based on a client-first mindset. Our ESG performance is a critical component to earning and keeping that trust. Some analysts who follow the company have predicted Fiserv executives will cut costs if needed to achieve earnings-per-share growth. 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, In 2017, the New York Times reported that his compensation exceeded $100 million. Webinar 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. Prior to this, Patel served as EVP and Chief Financial Officer at First Data beginning 2015, and as EVP of Strategy, Planning, and Business Development beginning in 2013. The company also sold off business units,including its Korea operations and a Costa Rica division. In addition, we continue to invest in and engage with community partnerships. As Head of General Services at Fiserv Inc., Tom Higgins is responsible for Global Real Estate, Global Sourcing, Cyber Security, Physical Security and Investigations, Enterprise Business Continuity, Crisis Management, and Aviation. Frank Bisignano. "[3] In 2004 the publication Treasury and Risk named him one of the "100 most influential people in finance. Before joining OneMain, he served as General Counsel for First Data from 2014 to 2019 and played a key role in its combination with Fiserv. Kereere is a champion for, and sought-after authority on, equity in the corporate space, and has driven leading-edge work to bring analytics to the forefront in the discussion on race and inclusion. Hau has nearly 30 years of experience in business and financial leadership roles. Wilcox received his undergraduate degree from Duke University and his Juris Doctor degree from the Georgetown University Law Center. This year, Fiservexpense management has included cutting employees and selling off business units. BROOKFIELD, Wis.--(BUSINESS WIRE)--Feb. 27, 2023-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . Our breadth and scale across the fintech and payments landscape and millions of consumers provides unparalleled data and insights, which differentiate the experience we can provide. 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.. 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 . julie.chariell@fiserv.com, Fiserv Enters into New Contract with Frank Bisignano, https://www.businesswire.com/news/home/20221221005599/en/. aimed at increasing competition in the industry. Prior to that, he was Senior Vice President, Enterprise Shared Services Counsel at USAA. 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. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Keep up with the story. A Message From Frank J. Bisignano Dear Stakeholders, . The company, like others in payments, is grappling with inflation and currency volatility, and those stressors are squeezing Fiservs profit margins. [2] In 2012 he was promoted to co-COO,[2] and the Financial Times called him "one of [JPMorgan]s most influential, yet least visible, executives. Asher joined Fiserv in 2007 as part of its acquisition of CheckFree Corporation. We know our levers and how to manage the expense line, and weve managed it through this whole merger in order tobe prepared for tough times, too, Bisignano said. I think its about investment strategy in our business, he said. Foskett chairs the Board of Directors for Allied Irish Bank Merchant Services. Fiserv has promised to create and retain about 3,000 jobs at that location in exchange for $109.2 million in state tax credits over seven years. His career spanned 24 years in the National Security and Foreign policy areas. [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. in Economics from Tufts University. 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. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. . The company has maintained that it has about 44,000 employees around the world. 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. 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. He serves on the boards of the Minority Corporate Counsel Association and New York's Hale House Center, and is a member of the Executive Leadership Council. Fiserv Inc. has entered into a new contract with its chairman, president and CEO Frank Bisignano that increases his base salary by $80,000, according to a document filed Thursday with the U.S . The company, like others in payments, is grappling with inflation and currency volatility, and those stressors are, Bisignano also was asked about the impact of a new Federal Reserve. Kereere leverages her extensive experience leading payments and technology businesses to deliver excellence for clients ranging from small and mid-sized companies to global enterprises. 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. BROOKFIELD, Wis., December 21, 2022--Fiserv has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027 Foskett also served Managing Director, Head of North American Treasury Services and Global Head of Sales for Treasury Services at JPMorgan Chase & Co. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: Could Early Warnings bank wallet have a bigger goal? He is a U.S. Navy veteran and serves on a number of charitable boards to include the CIA Officers Memorial Foundation, OSS Society, Business Executives for National Security, the Intrepid Sea, Air and Space Museum, USO of Greater New York, Meridian International Center, Wilson Center, and the Tug McGraw Foundation. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. Fiserv headquarters in Brookfield, Wisconsin. When Fiserv acquired First Data in 2019 in a $22 billion all-stock deal, the company said it would cut $900 million in expenses over five years, according to a proxy filing. 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. [1] Following Fiserv's acquisition of First Data in 2019, Bisignano formally assumed the role of Fiserv CEO in July 2020. "[7][8][9], In 2013 Bisignano became Chairman and CEO of First Data Corporation,[2][10] and his tenure attracted a fair amount of coverage in the press. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. Early in 2021, we increased our commitment to helping small, minority-owned businesses from $10 million to $50 million. Based in New York City, Bisignano started his career as VP of both Shearson Lehman Brothers and First Fidelity Bank. 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. With our robust platform of solutions, leading technology, and the best talent, Fiserv will continue to deliver for our shareholders, clients and associates in a dynamic market.. [22], Last edited on 23 February 2023, at 11:05, "Frank Bisignano Chairman and Chief Executive Officer", "JPMorgan Co-COO Bisignano Departs to Run First Data", "KKR Banks on Bisignano Forging Apple Deal at First Data", "First Data's new CEO Frank Bisignano faces debt burden, needs growth", "Top Lieutenant of Dimon Is Departing JPMorgan", "First Data Names Frank Bisignano Chief Executive Officer", "KKR seeks to make the numbers work at First Data", "First Data Reports First Quarterly Profit in More Than Seven Years", "First Data's new CEO focused on innovation", "Frank J. Bisignano President and Chief Executive Officer", "Peter Thiel's data-mining company is using War on Terror tools to track American citizens. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Our global business serves clients in more than 100 countries, and enables more than 10,000 financial institutions and more than 6 million merchant locations every year. Payments giant Fiserv Inc <FISV.O> said Thursday that Frank Bisignano would become the company's chief executive on July 1, with long-time head Jeffery Yabuki remaining on as executive chairman . 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. 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. Visit fiserv.com and follow on social media for more information and the latest company news. Bisignano . 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. 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. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. Moving forward, we plan to pursue LEED certification (or comparable certifications) for all of our newly occupied and/or renovated office locations, including our new office in New York and new Innovation Center in New Jersey. 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. Chairman, President and Chief Executive Officer. The company serves clients in more than 100 countries, and has been recognized as one of FORTUNE World's Most Admired Companies for 11 of the past 14 years. We continue to refine and improve the way we operate. (RTTNews) - Fiserv, Inc. (FISV), a payments and financial services technology provider, said on Thursday that it has elected its CEO Frank Bisignano as the new Chairman to succeed Denis O'Leary . Chiarello has been at the forefront of banking, technology, and innovation for more than 30 years. 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 a filing with the SEC. Franks continued leadership enables us to create further value for our shareholders.. Naval War College and completed the Program on Leadership for Senior Executives at the JFK School of Government at Harvard University. Wilcox joined Fiserv in September 2020 as Chief of Staff for the Office of the CEO, gaining a deep understanding of day-to-day operations across the organization and working closely with the Fiserv leadership team on a wide range of operational effectiveness initiatives. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Fiserv actually ended up shaving $1.2 billion in half that time, and, We said when we were doing that, that we would be a different company,, Yes, we did announce that we were going to relocate people, we were going to have synergies. 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. ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. I think its about investment strategy in our business, he said. 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. Still. Prior to joining Fiserv, Horvath served as President, Multinational Clients for ADP, leading a high-growth organization and the transformation of several businesses from legacy systems to cloud and mobile-enabled solutions. 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. New contract extends term through 2027 and enhances governance features. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. His experience spans the spectrum from creating start-up operations for small businesses in emerging markets to leading global divisions of large multinational corporations. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. Cave has also declined to specify the number of employees that have been cut this year, other than to say Fiserv has made staffing adjustments that affect a small percentage of its global workforce. Register now. 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. 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. 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. With the Fiserv-First Data merger announcement, company executives planned to invest in facilities and staff, aiming for a colocation strategy and a hybrid workforce, Bisignano said. Frank Bisigjnano is single handedly ruining Fiserv. Examples include Atlantas Russell Innovation Center for Entrepreneurs, Howard Universitys Inclusive Innovation Labs, and a $1.5 million investment in the Girl Scouts of the USA to bring STEM curriculum and programming to girls. . Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. 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. He became Chairman of the Board in May of 2022. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. 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. In this role, Patel is jointly responsible for enabling the success of Fiserv financial institution and fintech clients through the development and delivery of innovative card payment, debit network, digital payment, bill payment, data aggregation, digital banking and account processing solutions. 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. He also suggested that the reduction was due to some employees exiting because they were unwilling to move to a . Anthony S. Marino is Chief Human Resources Officer (CHRO) at Fiserv, Inc. Get started 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.