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 resides in New York with his wife and three children. Register now. 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.. . Keep up with the story. 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 Prior to joining Fiserv, he was Executive Vice President and Chief Financial Officer of TE Connectivity Ltd., a $12 billion global product technology company. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. 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. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. watch now. 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. In November 2022, Fiservs board adopted an executive severance policyresembling a prior shareholder proposal that had won shareholder approval earlier last year. New contract extends term through 2027 and enhances governance features. 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. Fiserv CEO Frank Bisignano said this week the payments processing giant is equipped to manage "tough times.". We said when we were doing that, that we would be a different company, Bisignano said. 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. 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. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. 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.. Could Early Warnings bank wallet have a bigger goal? 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. I think its about investment strategy in our business, he said. We continue to refine and improve the way we operate. Chairman, President and Chief Executive Officer. 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. 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. Want to share a company announcement with your peers? [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. He also led all of the JPMCs military and veterans initiatives. He is also a member of the Board of Directors for BlueVoyant. , 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. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. Prior to Deutsche Bank, he was at JPMorgan Chase & Co., serving as Regional Executive for EMEA and as JPMorgans Global Head of Banks and Broker Dealers for Treasury 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. 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. 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. 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. Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. Bisignano joined Fiserv in 2019 as its president and chief operating officer through Fiserv's $22 billion all-stock acquisition of New York City-based First Data Corp., of which Bisignano. 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. 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. Prior to joining First Data, he served on the Executive Committee and was the Head of Operational Control at JPMorgan Chase & Co. 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. He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019. "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 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 World's Most Admired Companies . Visit fiserv.com and follow on social media for more information and the latest company news. 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. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase. He became Chairman of the Board in May of 2022. He joined Fiserv in July 2021. Relationship of Reporting Person(s) to Issuer . Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. 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. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. Google Maps. 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. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. [19] His compensation was rated at approximately $40 million in 2019. Our commitment to being good stewards of our environment continued. 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. BROOKFIELD, Wis.-(BUSINESS WIRE)-Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences. Chairman, President, & Chief Executive Officer at Fiserv . 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. 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). 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. Visit fiserv.com and follow on social media for more information and the latest company news. Our supplier diversity processes have been enhanced. 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. The same notice requirement applies when Fiserv establishes a new severance policy that affects such severance cash benefits. 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. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. 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. His HR career also includes roles at two "academy" companies long known for human resources best practices, Honeywell International (formerly AlliedSignal) and Pepsi. Prior to that, he was Senior Vice President, Enterprise Shared Services Counsel at USAA. | 1 p.m. 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. For the first time since the merger of Fiserv and First Data, Fiserv provided data about its environmental impact through the Carbon Disclosure Project. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. 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. 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, . He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. As CFO of First Data, Patel was a key leader in the turnaround of the company. She is also a participant in the annual FORTUNE Most Powerful Women Summit and was recently named to the Atlanta 500. 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. Andrew earned his MBA at Cornell University and his BA at Oberlin College. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. The rule clarification requires more than one debit network be available for routing transactions, including online. Want to share a company announcement with your peers? 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. Bisignano also was asked about the impact of a new Federal Reserve debit ruleaimed at increasing competition in the industry. . Anthony S. Marino is Chief Human Resources Officer (CHRO) at Fiserv, Inc. 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. 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. He was appointed Chief Executive Officer of Fiserv in July of 2020. [18], Bisignano is consistently rated as one of the highest-paid CEOs in the United States. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. Bisignano will also continue to serve as Chairman of the Board. Franks continued leadership enables us to create further value for our shareholders.. The company also sold off business units,including its Korea operations and a Costa Rica division. 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. Issuer Name and: Ticker or Trading Symbol . 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. 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 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. Bisignanos annual compensation target had previously been between $10 million and $15 million, according to the 2022 proxy filing. 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 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. 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. He was previously Executive Vice President, Group General Counsel for Willis Group Holdings, responsible for legal, corporate secretary, compliance, and audit and risk management. 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. John Gibbons serves as Head of the Europe, Middle East, and Africa (EMEA) region at Fiserv, Inc. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. So this is a long-term strategy.. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. "[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. Bisignano . Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. [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. Previously, Foskett served as Executive Vice President and Chief Sales Officer of Fiserv after the merger with First Data Corporation. Bisignano will replace Jeffery Yabuk and will take over for the company's apex position on July 1. Chief Administrative Officer and Chief Legal Officer. 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. Britt ZarlingCorporate Communications 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. Frank Bisigjnano is single handedly ruining 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? Bisignano has been Fiservs CEO since July 2020, succeeding previous CEO Jeff Yabuki. She also served as a liaison to the Federal Financial Institutions Examination Council (FFIEC). The Federal Reserve plans to unleash a U.S. real-time payments systemnext year in the form of FedNow, but its an open question as to whether, or how, consumers and businesses will adoptinstant payments. 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 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. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. He is on the advisory board of FutureFuel.io, a leading provider of student loan repayment programs. BROOKFIELD, Wis. -- (BUSINESS WIRE)--Dec. 21, 2022-- 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. Our people donated their time and nearly $1 million through our Fiserv Gives Back program, supporting more than 2,000 causes during the year. Shub Mukherjee - Senior Vice President of Investor Relations. 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. 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. We will generate expanding margins, Bisignano asserted Monday. Throughout his career, Marino has been a champion of diversity and inclusion efforts. 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 . The new contract also includes a variety of governance enhancements to more closely align with market standards. Based in New York City, Bisignano started his career as VP of both Shearson Lehman Brothers and First Fidelity Bank. Marino received his bachelors degree in business administration from Ohio University and is Six Sigma Black Belt. We established an Energy and Sustainability team to work on all future real estate initiatives. Frank Bisignano is Chairman, President and Chief Executive Officer of Fiserv, Inc. (NASDAQ: FISV), a global leader in financial services and payments technology solutions. 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. 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.