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. He also noted investments such as those in the companys Clover point-of-sale operating system and recent acquisitions the company has made. Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. Get started Its very normal in a merger to be recruiting, while also consolidating,, Webinar 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. 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. "[3] In 2004 the publication Treasury and Risk named him one of the "100 most influential people in finance. Amid a tougher macroeconomic environment last year, resembling a prior shareholder proposal that had won shareholder approval earlier last year. Ivo Distelbrink is Head of Asia Pacific at Fiserv, Inc. The scary thing? The rule clarification requires more than one debit network be available for routing transactions, including online. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. The company serves clients in more than 100 countries, and in 2021 was recognized among . 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. 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. He became Chairman of the Board in May of 2022. Marino is a seasoned HR executive with an outstanding background in financial services. Guy Chiarello is Chief Operating Officer at Fiserv, Inc., overseeing the companys technology and operations with a focus on elevating the client experience, creating a high-performance workplace and supporting the companys future growth. Anthony S. Marino is Chief Human Resources Officer (CHRO) at Fiserv, Inc. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. He has lectured extensively as an Adjunct Professor of Law at Georgetown University Law Center. 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. 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. FiservFrank Bisignano --(WikiFX) 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. 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. Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. 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. We dont need to deviate from our strategy, Bisignano said. WI 53045 (City) (State) (Zip) 2. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. 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. [5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. So this is a long-term strategy.. Get started Christopher (Chris) M. Foskett is Chief Revenue Officer at Fiserv, Inc. 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. 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.". BisignanoFirst Data CorpFiserv220 Fiserv Yabuk"First DataFrank When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. 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. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. Fiserv, Inc. (NASDAQ:FISV) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ETCompany Participants. Prior to that, he was Senior Vice President, Enterprise Shared Services Counsel at USAA. We have also further enhanced our sustainability practices to support the growth of our ESG program. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. Most recently, Kereere served as Chief Growth Officer at Fiserv, leading enterprise strategy and business development initiatives to enhance client value and accelerate growth. 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. Consumer spending remains strong, and Fiservs bank and merchant customers continue to show consistent demand for digital products, the CEO said, noting about 85% of the companys revenue is recurring in nature. 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. Bisignano will also continue to serve as Chairman of the Board. "[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. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. Issuer Solutions includes credit and retail card processing, loans processing, customer communications, plastics manufacturing and personalization, commercial payments, and licensed financial software systems. 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. In light of inflation pressures and rising unemployment, Bisignano said he does worry about the tougher economic environment. ET. John Gibbons serves as Head of the Europe, Middle East, and Africa (EMEA) region at Fiserv, Inc. Horvath is a graduate of the University of California, San Diego, and earned a masters degree in business administration from the Thunderbird School of Global Management. "Mad Money" host Jim Cramer interviewed Fiserv President and CEO Frank Bisignano on Thursday's episode of the show. 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. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. 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. 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. 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 . 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. [17], A 2018 Bloomberg editorial suggested that in 2013, Bisignano might have been the source of a leak regarding a Federal investigation into possible manipulation of US energy markets by JP Morgan. . The company serves clients in more than 100 countries, is one of Fortune World's Most Admired Companies . Google Maps. 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 . . We will generate expanding margins, Bisignano asserted Monday. 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. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. VIDEO 05:44. He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs. | 1 p.m. Fiserv hired "thousands" of employees globally this year, even as others . 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. 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. 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. 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. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. Last updated on December 23rd, 2022 at 01:32 pmFrank Bisignano has signed a new contract that will keep him as the chief executive officer of Fiserv Inc . Frank Bisignano President and Chief Executive Officer Meet our leadership team The way money moves Fiserv enables money movement for thousands of financial institutions and millions of people and businesses - for a world that never powers down Nearly 6M merchant locations globally 1.4B global accounts on file 12,000 financial transactions Fiserv Enters into New Contract with Frank Bisignano Yes, we did announce that we were going to relocate people, we were going to have synergies. 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 explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. Kereere serves as a non-executive Director on the board of Grange Insurance Company and has previously served on the boards of the National Retail Federation Foundation and the American Red Cross (New York). Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. Asher joined Fiserv in 2007 as part of its acquisition of CheckFree Corporation. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. He became Chairman of the Board in May of 2022. New contract extends term through 2027 and enhances governance features. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase. 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.