WI 53045 (City) (State) (Zip) 2. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense management. Issuer Name and: Ticker or Trading Symbol . Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. . Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. Prior to joining Fiserv, Marin was Chief Executive Officer of Citibank for Brazil, Argentina, Uruguay and Paraguay. She is also a participant in the annual FORTUNE Most Powerful Women Summit and was recently named to the Atlanta 500. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. He also led all of the JPMCs military and veterans initiatives. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . 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. Fiserv hired "thousands" of employees globally this year, even as others . watch now. [19] His compensation was rated at approximately $40 million in 2019. For the first time since the merger of Fiserv and First Data, Fiserv provided data about its environmental impact through the Carbon Disclosure Project. Fiserv touts $650M acquisition of Finxact | Payments Dive 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. 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. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. 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. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. "[5] Bisignano was also a primary negotiator in JPMorgan's acquisition of the Canary Wharf property in London,[6] and CEO for several of JPMorgan's mortgage banking divisions. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. 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. The company also sold off business units,including its. solution for your business. Want to share a company announcement with your peers? CEO Message | Fiserv 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? 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. Fiserv CEO addresses ValueAct buying 5.3 million shares of the fintech For the second consecutive year, Fiserv has been designated a Best Place to Work for LGBTQ+ Equality in the Human Rights Campaign Foundations 2022 Corporate Equality Index, which benchmarks corporate policies, practices and benefits pertinent to LGBTQ+ employees. Payments giant Fiserv names Bisignano to succeed Yabuki as CEO - Yahoo! 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. | 1 p.m. Foskett also served Managing Director, Head of North American Treasury Services and Global Head of Sales for Treasury Services at JPMorgan Chase & Co. Frank Bisignano | National September 11 Memorial & Museum Get started 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 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. 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. "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," said Doyle Simons, Lead Independent Director of the Board of Directors. Bisignano: Fiserv Inc. HQ will stay in Milwaukee metro 'It might be The company has maintained that it has about 44,000 employees around the world. Neil H. Wilcox is Head of Corporate Social Responsibility at Fiserv, Inc., leading the companys focus on corporate citizenship and social responsibility, including strategies to build upon its success in community and non-profit engagement, diversity and inclusion, and global philanthropy and volunteerism. 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. Still, others have noted Fiservs margin expectation for 2022 may prove difficult to achieve. Visit fiserv.com and follow on social media for more information and the latest company news. He has donated hundreds of thousands of dollars towards Republican campaigns, including a . 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. At TE Connectivity, Hau was responsible for developing and implementing financial strategy, as well as creating the financial infrastructure necessary to drive the companys financial direction, vision and compliance initiatives. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. The contract extends Bisignanos term as the Brookfield, Wisconsin-based companys chief executive and president to Dec. 21, 2027. 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. [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 new contract also includes a variety of governance enhancements to more closely align with market standards. Todd Horvath is Co-Head of the Banking organization at Fiserv, Inc. 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. We said when we were doing that, that we would be a different company, Bisignano said. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. At First Data, now Fiserv, he was instrumental in the development of eight employee resource groups (ERGs), which provide career development, networking, and volunteerism opportunities to 40,000 associates worldwide. Relationship of Reporting Person(s) to Issuer . The company serves clients in more than 100 countries, and in 2021 was recognized among . Fiserv to Present at Upcoming Investor Conferences He resides in New York with his wife and three children. Dec 22, 2022 11:02 am. Keep up with the story. Let Payments Dive's free newsletter keep you informed, straight from your inbox. He has also served on the Advisory Board of the BM&F (the Brazilian Futures Exchange). 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. britt.zarling@fiserv.com Throughout his career, Marino has been a champion of diversity and inclusion efforts. He ruined First Data, destroyed all the culture and kept technologies in the stone ages and is now doing it with Fiserv. Chairman, President and Chief Executive Officer. 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. She holds an M.B.A. from Columbia Business School and a B.A. 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. 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. 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. 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. Naval War College and completed the Program on Leadership for Senior Executives at the JFK School of Government at Harvard University. 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. Chiarello has been at the forefront of banking, technology, and innovation for more than 30 years. Frank Bisignano. Chief Administrative Officer and Chief Legal Officer. Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. 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. Chairman, President and Chief Executive Officer. He is also a member of the Board of Directors for BlueVoyant. Want to share a company announcement with your peers? Bisignano joined Fiserv through the companys 2019 acquisition of First Data, where he served as CEO at the time of the merger. Investor Relations 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. As CFO of First Data, Patel was a key leader in the turnaround of the company. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Franks continued leadership enables us to create further value for our shareholders.. 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. 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. Yes, we did announce that we were going to relocate people, we were going to have synergies. Previously, Marin served as CEO of Citibank in Brazil and Corporate and Investment Bank Head for Latin America. Franks continued leadership enables us to create further value for our shareholders by delivering growth through innovation and discipline., Bisignano said, I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. 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. Visit fiserv.com and follow on social media for more information and the latest company news. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. 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. The company also sold off business units,including its Korea operations and a Costa Rica division. 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. 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. 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. 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. Even as the payments and fintech company cut employees this year, it's hired thousands of workers, Fiserv CEO Frank Bisignano said during a Friday interview. [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. 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. He became Chairman of the Board in May of 2022. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Previously, Foskett served as Executive Vice President and Chief Sales Officer of Fiserv after the merger with First Data Corporation. [20] In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. [18], Bisignano is consistently rated as one of the highest-paid CEOs in the United States. Some analysts who follow the company have predicted Fiserv executives will cut costs if needed to achieve earnings-per-share growth. Bisignano will also continue to serve as Chairman of the Board. Bisignano will replace Jeffery Yabuk and will take over for the company's apex position on July 1. watch now. Our commitment to being good stewards of our environment continued. [1] Following Fiserv's acquisition of First Data in 2019, Bisignano formally assumed the role of Fiserv CEO in July 2020. 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. 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. 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. 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. He also noted investments such as those in the companys Clover point-of-sale operating system and recent acquisitions the company has made. [14][15][16] Bisignano is also on the boards of organizations such as Continuum Health Partners and the Metro Atlanta Chamber of Commerce. 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. 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. 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. Our ESG performance is a critical component to earning and keeping that trust. 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. 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. New contract extends term through 2027 and enhances governance features. 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. Fiserv CEO Frank Bisignano getting a slight raise in 2023 with new The company serves clients in more than 100 countries, was named among the World's Most Innovative . 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. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. 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. And I think our banking set of operating systems are of mission-critical nature for our financial institutions., He explained how the company has had to target cost control in the past, particularly after its 2019, . Marino also served as CHRO at Ally Financial, where he was instrumental in the restructuring and turnaround of the nations largest auto finance company. Prior to joining Fiserv, he was Executive Vice President and Chief Financial Officer of TE Connectivity Ltd., a $12 billion global product technology company. Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. Shub Mukherjee - Senior Vice President of Investor Relations. Bisignanos annual compensation target had previously been between $10 million and $15 million, according to the 2022 proxy filing. 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. 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. Sebby holds a bachelors degree from Buena Vista University. Fiserv Enters into New Contract with Frank Bisignano Could Early Warnings bank wallet have a bigger goal? 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 . 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. Chairman, President, & Chief Executive Officer at Fiserv . Let Payments Dive's free newsletter keep you informed, straight from your inbox. We continue to refine and improve the way we operate. 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. 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. "[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. His experience spans the spectrum from creating start-up operations for small businesses in emerging markets to leading global divisions of large multinational corporations. 03:44. He joined Fiserv in July 2021. VIDEO 05:44. Amid a tougher macroeconomic environment last year, resembling a prior shareholder proposal that had won shareholder approval earlier last year. Fiserv hired 'thousands' of workers this year, CEO says Anthony S. Marino is Chief Human Resources Officer (CHRO) at Fiserv, Inc. In 2017, the New York Times reported that his compensation exceeded $100 million. Previously, Wilcox was Senior Vice President and Associate General Counsel at First Data. Gibbons joined the company in December 2018 from Deutsche Bank, where he led Global Transaction Banking. Get started He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs.