The new contract also includes a variety of governance enhancements to more closely align with market standards. The company serves clients in more than 100 countries, was named among the World's Most Innovative . Chairman, President, & Chief Executive Officer at Fiserv . Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Frank Bisignano. He was previously Executive Vice President, Group General Counsel for Willis Group Holdings, responsible for legal, corporate secretary, compliance, and audit and risk management. So this is a long-term strategy.. Bisignano said the financial technology company's new downtown Milwaukee office, which it expects to move into in 2023, will be an innovation center and a destination for Fiserv's clients. julie.chariell@fiserv.com, Fiserv Enters into New Contract with Frank Bisignano, https://www.businesswire.com/news/home/20221221005599/en/. Global payments provider Fiserv has promoted Frank Bisignano to CEO, the company announced in a press release Thursday (May 7).. Its Board of Directors unanimously elected Bisignano to succeed . I am proud of the steps we have taken to advance our ESG program this year. Remarks: /s/ Eric C. Nelson (attorney-in-fact) Chiarello has been recognized multiple times by Institutional Investor magazine among its Top Tech 50 and by Information Week as a Global CIO Top 50, was a NASSCOM CIO of the Year and is considered a key advisor by many leading Silicon Valley companies and technology CEOs in the industry. 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. 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. Issuer Solutions includes credit and retail card processing, loans processing, customer communications, plastics manufacturing and personalization, commercial payments, and licensed financial software systems. We will generate expanding margins, Bisignano asserted Monday. Previously, his base salary was $1.32 million, according to the companys. 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. He became Chairman of the Board in May of 2022. Frank Bisigjnano is single handedly ruining Fiserv. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. As Chief Marketing Officer for Fiserv, Inc., Leigh Asher leads brand strategy, corporate communications and creative direction worldwide, as well as oversees market research and marketing technology and operations. 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. Our approach to Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) at Fiserv reflects our global presence, and is embedded in how we innovate, operate and deliver products and services to our clients every day. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. 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. 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. Her background also includes leadership roles at American Express, including head of U.S. National Merchant Business and head of Global Network Business. Some analysts who follow the company have predicted Fiserv executives will cut costs if needed to achieve earnings-per-share growth. [18], Bisignano is consistently rated as one of the highest-paid CEOs in the United States. Tom is a graduate of the State University of New York-Maritime College. 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. 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. Previously, his base salary was $1.32 million, according to the companys 2022 proxy filing. 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 Let Payments Dive's free newsletter keep you informed, straight from your inbox. Prior to joining First Data, he served on the Executive Committee and was the Head of Operational Control at JPMorgan Chase & Co. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc. Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. Our people donated their time and nearly $1 million through our Fiserv Gives Back program, supporting more than 2,000 causes during the year. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. | 1 p.m. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: He has also served as the CIO of Morgan Stanley, where he began his career in financial services. He also noted investments such as those in the companys Clover point-of-sale operating system and recent acquisitions the company has made. Need help finding the best 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. 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. 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. BROOKFIELD, Wis., December 21, 2022--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027. 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. | 1 p.m. He is also a member of the Board of Directors for BlueVoyant. 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, Under the new contract, Bisignano also receives a target annual incentive of at least $2.5 million, equity awards, use of the companys aircraft for personal travel and a company car and driver, among other benefits. The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. He has donated hundreds of thousands of dollars towards Republican campaigns, including a . Get started 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. I think its about investment strategy in our business, he said. 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. 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. "[3] In 2004 the publication Treasury and Risk named him one of the "100 most influential people in finance. 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. 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. And that should be worth more than zero., He acknowledged the move creates a bunch of opportunity, both on the issuing side and on the merchant side., Get the free daily newsletter read by industry experts. 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. Chairman, President and Chief Executive Officer. Previously, Marin served as CEO of Citibank in Brazil and Corporate and Investment Bank Head for Latin America. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. 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. 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. 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.. Published Dec. 19, 2022 Caitlin Mullen Reporter. 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. US Treasury to Lead Working Group Looking at Digital Dollar, Worldpay and FIS: the original sin that tore up a $43bn merger, 2023 Economic Insight & Best Practices in Financial Risk Management, Instant Bank Payments: The Promise of a Faster Future. 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. The company serves clients in more than 100 countries, is one of Fortune World's Most Admired Companies . Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. 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. Sebby held several additional risk management positions during her tenure with First Data, with a significant focus on integrating regional practices into global programs. Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition. 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. Sebby has more than 20 years of risk management experience. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. 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. WI 53045 (City) (State) (Zip) 2. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. Prior to joining Fiserv, he was Executive Vice President and Chief Financial Officer of TE Connectivity Ltd., a $12 billion global product technology company. 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. Previously, Gelb was Executive Vice President at First Data Corporation since 2014. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . With a deep commitment to clients and a proven track record of execution, Frank has been a driving force in the growth and global technology leadership at Fiserv, Doyle Simons, the companys lead director, said in a Dec. 21 press release regarding the new contract. 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. He became Chairman of the Board in May of 2022. Frank Bisignano is President, Chief Executive Officer and member of the board of directors of Fiserv, Inc. (NASDAQ: FISV), a global leader in finan cial services and payments technology solutions for financial institutions, businesses and consumers. We have a very resilient business model, Bisignano asserted, pointing to services the company provides to restaurants, gas stations and grocery stores, as well as the key services it provides to bank clients. Prior to joining Fiserv, Marin was Chief Executive Officer of Citibank for Brazil, Argentina, Uruguay and Paraguay. He joined Fiserv in July 2021. Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. Prior to being named Chief Risk Officer she served as Chief Audit Executive at Fiserv, and held the same position at First Data prior to its combination with Fiserv in 2019. We said when we were doing that, that we would be a different company, Bisignano said. Politics. Keep up with the story. Fiserv hired thousandsof employees globally this year, even as others were cut from the payments technology company because they were unwilling to relocate, the company's CEO said in an interview with Payments Dive. 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. During his career, Rosman also has served as Senior Vice President and Associate General Counsel at Cablevision Systems Corporation in Bethpage, NY and as a partner at the Washington D.C.-based law firm of Zuckerman Spaeder LLP, where he advised public companies and senior executives on a range of topics, including Sarbanes-Oxley. Investor Relations: [19] His compensation was rated at approximately $40 million in 2019. US Treasury to Lead Working Group Looking at Digital Dollar, Worldpay and FIS: the original sin that tore up a $43bn merger, 2023 Economic Insight & Best Practices in Financial Risk Management, Instant Bank Payments: The Promise of a Faster Future. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. The new contract also includes a variety of governance enhancements to more closely align with market standards. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. 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. 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. 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. ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. | 1 p.m. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. 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. Bisignano joined Fiserv through the companys 2019 acquisition of First Data, where he served as CEO at the time of the merger. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. And I think our banking set of operating systems are of mission-critical nature for our financial institutions., The company has invested more in recent years and could slow the pace of investments if needed, Bisignano noted. Visit fiserv.com and follow on social media for more information and the latest company news. 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. this year while grappling with profit margin pressure. Webinar 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. Phil Murphy and Fiserv CEO Frank Bisignano will hold a ceremony Thursday morning in Berkeley Heights, welcoming the company and approximately 2,000 new high-paying, high-tech jobs to the state. 01:36. He resides in New York with his wife and three children. . The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Dec 22, 2022 11:02 am. 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, . 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. 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. Brookfield, Wisconsin-based Fiserv has shed workersthis year while grappling with profit margin pressure. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase. Fiserv headquarters in Brookfield, Wisconsin. 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 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. 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. The company serves clients in more than 100 countries, and in 2021 was recognized among . britt.zarling@fiserv.com In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. "[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. We dont need to deviate from our strategy, Bisignano said. He spent 18 years at Citigroup in a number of key executive roles, including Global Head of Mergers and Acquisitions; Head of Global Sales for Transaction Services; and Global Head of the Financial Institutions Group in the Corporate Bank. He is the driving force behind the companys Military and Veterans Affairs function which focuses on the employment of military members, their spouses and veterans who have sacrificed much to serve their country. When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. Andrew Gelb serves as Head of Issuer Solutions at Fiserv, Inc., which provides credit processing and associated solutions to financial institutions, serving more than 1 billion account holders around the world. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. 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 . "[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. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. In 2022, we plan to assess our climate-related risks and opportunities, and provide disclosures consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) standards. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. He also suggested that the reduction was due to some employees exiting because they were unwilling to move to a . Prior to joining Fiserv, Wilcox served as interim General Counsel and Chief Legal Officer at USAA, providing strategic counsel and legal advice to the CEO, Board of Directors and Executive Council. In this role he leads the global HR team, responsible for attracting, developing and retaining the talent necessary to achieve the companys goals and in building the high-performance culture necessary for continued domestic and global expansion. The contract, which took effect Dec. 21, 2022, increases Bisignano's annual salary to $1.4 million, according to a filing with the Securities and Exchange Commission. She is also a participant in the annual FORTUNE Most Powerful Women Summit and was recently named to the Atlanta 500. He was appointed Chief Executive Officer of Fiserv in July of 2020. Within Fiserv, Foskett is executive sponsor of our Thrive Disability Leadership Council Employee Resource Group. "Mad Money" host Jim Cramer interviewed Fiserv President and CEO Frank Bisignano on Thursday's episode of the show. Andrew earned his MBA at Cornell University and his BA at Oberlin College. He explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. Let Payments Dive's free newsletter keep you informed, straight from your inbox. 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.