He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. During the year, Forbes recognized Fiserv as one of Americas Best Employers for Diversity and, in early 2022, Fiserv was named to the Bloomberg Gender-Equality Index for the sixth year in a row. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. The company has maintained that it has about 44,000 employees around the world. 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. 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. The company, like others in payments, is grappling with inflation and currency volatility, and those stressors are squeezing Fiservs profit margins. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. 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. julie.chariell@fiserv.com, Fiserv Enters into New Contract with Frank Bisignano, https://www.businesswire.com/news/home/20221221005599/en/. ET. He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. watch now. 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.. 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. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. I think its about investment strategy in our business, he said. For the first time since the merger of Fiserv and First Data, Fiserv provided data about its environmental impact through the Carbon Disclosure Project. 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. 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. Marino also served as CHRO at Ally Financial, where he was instrumental in the restructuring and turnaround of the nations largest auto finance company. Issuer Name and: Ticker or Trading Symbol . He resides in New York with his wife and three children. Sebby held several additional risk management positions during her tenure with First Data, with a significant focus on integrating regional practices into global programs. Over the course of his career, Wilcox has developed significant expertise with bank and insurance regulatory matters, corporate real estate, intellectual property, procurement, litigation, and mergers and acquisitions. Christopher (Chris) M. Foskett is Chief Revenue Officer at Fiserv, Inc. 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. Remarks: /s/ Eric C. Nelson (attorney-in-fact) Fiserv hired "thousands" of employees globally this year, even as others . Prior to joining First Data, he served on the Executive Committee and was the Head of Operational Control at JPMorgan Chase & Co. 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. 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. 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.. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. Keep up with the story. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. Prior to that, he was Senior Vice President, Enterprise Shared Services Counsel at USAA. Frank J. Bisignano (born August 9, 1959) . 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. Todd Horvath is Co-Head of the Banking organization at Fiserv, Inc. She also served as a liaison to the Federal Financial Institutions Examination Council (FFIEC). He has also served as the CIO of Morgan Stanley, where he began his career in financial services. We established an Energy and Sustainability team to work on all future real estate initiatives. Mr. Yabuki is doing nothing visible to preserve this company. 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. Relationship of Reporting Person(s) to Issuer . Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. Bisignano will replace Jeffery Yabuk and will take over for the company's apex position on July 1. 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. [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. It's possible Fiserv is making a lot of tech-focused hires now that its Berkeley Heights facility is officially open, while simultaneously cutting people from the parts of the business that have become lower priority, such as parts of the merchant acceptance segment that arent tied to commerce platforms Clover or Carat, said Autonomous Research Analyst Ken Suchoski. 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. 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. 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. in Economics from Tufts University. 255 FISERV DRIVE (Street) BROOKFIELD. Politics. 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. 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. 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. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. We continue to refine and improve the way we operate. 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. 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. 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. Tom is a graduate of the State University of New York-Maritime College. aimed at increasing competition in the industry. 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. Want to share a company announcement with your peers? 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. 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. 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. 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. 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. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. 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. Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. This year, Fiservexpense management has included cutting employees and selling off business units. 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. In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. When asked how Fiserv would adapt in the event of an economic downturn, Bisignano, speaking Monday at Citi's 2022 FinTech Conference in New York, touted the "resilience and durability" of the company's business. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. Previously, Marin served as CEO of Citibank in Brazil and Corporate and Investment Bank Head for Latin America. Fiserv is a leading provider in these primary businesses and markets in EMEA, including the U.K., Ireland, Germany, Netherlands, Poland and the Middle East region. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. Fiserv, Inc.+1 414-526-3107 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. [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. FISERV INC [ FISV] 5. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. 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. 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. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. Prior to joining Fiserv, he served as CHRO with First Data. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc. . 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? [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. [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. The company serves clients in more than 100 countries, was named among the World's Most Innovative . So this is a long-term strategy.. 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. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. 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. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. He was previously Executive Vice President, Group General Counsel for Willis Group Holdings, responsible for legal, corporate secretary, compliance, and audit and risk management. 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.. 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 . ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. Chairman, President and Chief Executive Officer. 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. 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. Previously, he served as EVP & CHRO at The Guardian Life Insurance Company, and general manager of global HR and CHRO at Bank of Tokyo-Mitsubishi UFJ, one of the largest bank holding companies in the world, where he was the first American appointed to an office in Japan in BTMUs 130-year history. 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. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said.