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We will generate expanding margins, Bisignano asserted Monday. As CFO of First Data, Patel was a key leader in the turnaround of the company. Issuer Name and: Ticker or Trading Symbol . . He explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. 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. Sebby held several additional risk management positions during her tenure with First Data, with a significant focus on integrating regional practices into global programs. 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. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. Marin is a Board Member of CTEEP, the largest electricity transmission company in Brazil and Latin America. Bisignano, 63, is also the companys board chairman. 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. So were going to talk to our clients, both on the issuing side and merchant side, and do exactly what they want. Let Payments Dive's free newsletter keep you informed, straight from your inbox. . Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. We have issuers, we have merchants, and we have the third-largest network, Bisignano said. 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. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. "Mad Money" host Jim Cramer interviewed Fiserv President and CEO Frank Bisignano on Thursday's episode of the show. 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, . He ruined First Data, destroyed all the culture and kept technologies in the stone ages and is now doing it with Fiserv. He also noted investments such as those in the companys Clover point-of-sale operating system and recent acquisitions the company has made. The company serves clients in more than 100 countries, and in 2021 was recognized among . When asked about employee cuts the company has made this year, Bisignano said they werent in response to this years pressures. 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. 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.. In addition, we continue to invest in and engage with community partnerships. 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. We established an Energy and Sustainability team to work on all future real estate initiatives. 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. He is a member of the Board of Directors for Finxact, Apiture and Verisk Analytics (VRSK), which he serves as Lead Independent Director. Rosman is responsible for developing and leading the organizations corporate legal strategy and managing its compliance, ethics and government relations programs. Ivo Distelbrink is Head of Asia Pacific at Fiserv, Inc. 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. 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. Sebby holds a bachelors degree from Buena Vista University. | 1 p.m. 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. watch now. At First Data, he managed two of the companys publicly reported segments, which included many of the solutions he manages at Fiserv today. Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. Chairman, President and Chief Executive Officer. 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. 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. 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. 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, 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. Get started New contract extends term through 2027 and enhances governance features. He is on the board of directors of Scenic Hudson, a non-profit organization focused on the Hudson Valley region of New York State. 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. CEOsof three payments companies share how macroeconomic headwinds are affecting their businesses and how theyre seeing their firms through the uncertainty. He pointed to Fiservs merger and integration with First Data, and the combined companys March 2019 pledge to cut costs. 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. ET. 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. Asher joined Fiserv in 2007 as part of its acquisition of CheckFree Corporation. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Chief Administrative Officer and Chief Legal Officer. 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. In 2021, Bisignanos total compensation was $20.4 million, according to the proxys summary compensation table. Chairman, President, & Chief Executive Officer at Fiserv . Our commitment to being good stewards of our environment continued. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Marino received his bachelors degree in business administration from Ohio University and is Six Sigma Black Belt. 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 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, Eugene Gologursky / Stringer via Getty Images. She is a Certified Public Accountant and Certified Information Security Manager. "[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. 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. He became Chairman of the Board in May of 2022. Himanshu Patel is Co-Head of the Banking organization at Fiserv, Inc. The company also sold off business units,including its Korea operations and a Costa Rica division. Subscribe to the Payments Dive free daily newsletter, Subscribe to Payments Dive for top news, trends & analysis. 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. Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. He retired in 2010 as a member of the Senior Executive Service with the U.S. Government. Fiserv has a bunch of discretionary spend, he said, and executives know how to manage expenses very, very well.. ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. Remarks: /s/ Eric C. Nelson (attorney-in-fact) Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. Adam Rosman is Chief Administrative Officer and Chief Legal Officer at Fiserv, Inc., leading legal, compliance, ethics, and government relations. Bisignano will also continue to serve as Chairman of the Board. 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. I think its about investment strategy in our business, he said. . 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. 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. Tom is a graduate of the State University of New York-Maritime College. 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. 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 . Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. [21], Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. New contract extends term through 2027 and enhances governance features. We have clear lines of responsibility from our Board of Directors and the Nominating and Corporate Governance Committee to our Management Committee to our Corporate Social Responsibility Committee, which is responsible for day-to-day management of our CSR agenda and ESG strategy. 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. 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. 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. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. Amid a tougher macroeconomic environment last year, Bisignano said the company is maniacally focused on expense 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.. Get started Fiserv shed employees and sold off business units in 2022 as it faced profit margin pressure. 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. [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. As long as Frank Bisignano is involved with Fiserv DO NOT COME TO WORK HERE. 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. 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 . In this role he partners closely with the companys business leaders in the development and commercialization of the next generation of Fiserv solutions. 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. The company serves clients in more than 100 countries, was named among the World's Most Innovative . He has led product development and technology for three Fortune 500 companies and is recognized as a leader in the technology industry. [20] In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. Most recently, Chiarello served as Chief Administrative Officer at Fiserv, overseeing the companys technology and operations. The new contract also includes a variety of governance enhancements to more closely align with market standards. He is a philanthropic leader who has been recognized by numerous organizations for his charitable efforts. Prior to joining Fiserv, he served as CHRO with First Data. | 1 p.m. 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. Let Payments Dive's free newsletter keep you informed, straight from your inbox. 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. Previously, Patel was Head of Card Services at Fiserv, a role he held starting with the transformative combination of Fiserv and First Data in 2019. Hau has nearly 30 years of experience in business and financial leadership roles. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. So this is a long-term strategy.. 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. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase. He was appointed Chief Executive Officer of Fiserv in July of 2020. 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 joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. 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 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. Yes, we did announce that we were going to relocate people, we were going to have synergies. Amid a tougher macroeconomic environment last year, resembling a prior shareholder proposal that had won shareholder approval earlier last year. 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. 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. Previously, Gelb was Executive Vice President at First Data Corporation since 2014. He is also responsible for managing day-to-day operations and implementing the companys strategic plan. Britt ZarlingCorporate Communications 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. 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 headquarters in Brookfield, Wisconsin. 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 also led all of the JPMCs military and veterans initiatives.