Chiarello has been at the forefront of banking, technology, and innovation for more than 30 years. Get started Christopher (Chris) M. Foskett is Chief Revenue Officer at Fiserv, Inc. 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. Why Fiserv picked New Jersey and the big things it could mean for the state New Jersey Gov. 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. "[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. 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. Still, he doesnt expect those headwinds to be worse than the low point of the pandemic and what happened in a shutdown of the economy. At that time, the company was still able to grow its earnings per share by double digits, he said. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Shub Mukherjee - Senior Vice President of Investor Relations. 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. 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. Her background also includes leadership roles at American Express, including head of U.S. National Merchant Business and head of Global Network Business. Tom served as Executive Vice President and Chief Administrative Officer of First Data Corporation prior to its merger with Fiserv in 2019. This commitment funded our Back2Business program, now in its second year, through which we have already awarded more than 1,400 grants to small, diverse businesses globally and bolstered the entrepreneurial ecosystems that sustain them. Frank Bisignano. aimed at increasing competition in the industry. The company also sold off business units,including its. He joined Fiserv in July 2021. In 2017, the New York Times reported that his compensation exceeded $100 million. 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. Bisignanos annual compensation target had previously been between $10 million and $15 million, according to the 2022 proxy filing. He was appointed Chief Executive Officer of Fiserv in July of 2020 and Chairman of the Board in May of 2022. The company, like others in payments, is grappling with inflation and currency volatility, and those stressors are squeezing Fiservs profit margins. 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. 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. I like to believe that were maniacally focused where we need to be on what things to pull back and what things to continue, Bisignano said. He also led its $2.6 billion initial public offering in 2015, the largest U.S. IPO of the year. 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. Let Payments Dive's free newsletter keep you informed, straight from your inbox. 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. Its very normal in a merger to be recruiting, while also consolidating,Bisignano said. He retired in 2010 as a member of the Senior Executive Service with the U.S. Government. He explained how the company has had to target cost control in the past, particularly after its 2019 merger with First Data. Held by the Frank J. Bisignano 2022 Grantor Retained Annuity Trust. 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. Visit fiserv.com and follow on social media for more information and the latest company news. He became Chairman of the Board in May of 2022. FISERV INC [ FISV] 5. Hau holds a masters degree in business administration from the USC Marshall School of Business and a bachelors degree in business administration from Marquette University. 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. 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. We also extended our partnership with the Institute for Veterans and Military Families at Syracuse University and were again named to the Military Times Best for Vets Employer List and recognized as a 5-Star Employer by VETS Indexes. 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.. 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. The company has maintained that it has about 44,000 employees around the world. WI 53045 (City) (State) (Zip) 2. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. The company also sold off business units,including its Korea operations and a Costa Rica division. Fiserv headquarters in Brookfield, Wisconsin. ", Bisignano said, "I look forward to the ongoing successful execution of our winning strategy, which is already demonstrating strong results and momentum. In addition, we continue to invest in and engage with community partnerships. Marino is a seasoned HR executive with an outstanding background in financial services. I think its about investment strategy in our business, he said. 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. 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. 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. 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. The contract, which took effect Dec. 21, 2022, increases Bisignanos annual salary to $1.4 million, with the Securities and Exchange Commission. 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. He pointed to Fiservs merger and integration with First Data, and the combined companys March 2019 pledge to cut costs. He has also served as the CIO of Morgan Stanley, where he began his career in financial services. Keep up with the story. ET. Bisignano will also continue to serve as Chairman of the Board. [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. He also served as chairman of the University of North Carolina-Wilmington International Advisory Board. Previously, his base salary was $1.32 million, according to the companys 2022 proxy filing. Most recently, Kereere served as Chief Growth Officer at Fiserv, leading enterprise strategy and business development initiatives to enhance client value and accelerate growth. Payments giant Fiserv has signed a new five-year employment contract with CEO Frank Bisignano that gives him a 6% salary boost. 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. Fiserv, Inc. (NASDAQ:FISV) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ETCompany Participants. Previously, Rosman was General Counsel of OneMain Financial, one of Americas largest consumer lenders, where he oversaw legal, compliance, government relations and audit. 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. 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. Horvath, who joined Fiserv in 2017 as Executive Vice President and President, Bank Solutions, is an accomplished business professional with over 20 years of international management experience in enterprise and cloud technologies. . Previously, Marin served as CEO of Citibank in Brazil and Corporate and Investment Bank Head for Latin America. 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 p.m. Andrew earned his MBA at Cornell University and his BA at Oberlin College. 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. John Gibbons serves as Head of the Europe, Middle East, and Africa (EMEA) region at Fiserv, Inc. solution for your business. 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. 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. 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. While at First Data, he was Executive Vice President, Head of Corporate and Business Development and Co-Head of Global Financial Solutions. He is also a member of the Board of Directors for BlueVoyant. We expanded our Scope 3 GHG emissions reporting to include categories beyond business travel. Bisignano also was asked about the impact of a new Federal Reserve debit ruleaimed at increasing competition in the industry. Webinar 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. (RTTNews) - Fiserv, Inc. (FISV), a payments and financial services technology provider, said on Thursday that it has elected its CEO Frank Bisignano as the new Chairman to succeed Denis O'Leary . 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. 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. 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. | 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. So were going to talk to our clients, both on the issuing side and merchant side, and do exactly what they want. 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. 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. 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. Chief Administrative Officer and Chief Legal Officer. His background also includes serving as Assistant U.S. Attorney and Deputy Staff Secretary to President Bill Clinton from 2000 to 2001. The new contract also includes a variety of governance enhancements to more closely align with market standards. Sebby has more than 20 years of risk management experience. He became Chairman of the Board in May of 2022. Register now. We facilitated 20 billion eCommerce transactions, Our people donated their time and nearly $1 million, supporting more than 2,000 causes during the year, We increased our commitment to helping small, minority-owned businesses in their recovery, Our business enables over 6 million merchant locations and over 10,000 financial institutions every year. 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. I am proud of the steps we have taken to advance our ESG program this year. | 1 p.m. 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. 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. Amid a tougher macroeconomic environment last year, resembling a prior shareholder proposal that had won shareholder approval earlier last year. 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 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. 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. . Payments giant Fiserv Inc <FISV.O> said Thursday that Frank Bisignano would become the company's chief executive on July 1, with long-time head Jeffery Yabuki remaining on as executive chairman . Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. Some workers were offered the chance to relocate to Berkeley Heights, New Jersey, where the company recently opened one of its hub facilities. Still, thousands "certainly seems a lot higher than what we would expect," he said in an email. . Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief Executive Officer. But even as Fiserv made cuts,the company hired thousands of workers last year, Bisignano told Payments Dive during a recent interview. Keep up with the story. 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. Remarks: /s/ Eric C. Nelson (attorney-in-fact) "[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. 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. 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. Most recently, he served as Managing Director and Head of Citis North America Treasury and Trade Solutions business. Dec 22, 2022 11:02 am. 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. 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. 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. Fiserv Inc. has entered into a new contract with its chairman, president and CEO Frank Bisignano that increases his base salary by $80,000, according to a document filed Thursday with the U.S . He has also served on the Advisory Board of the BM&F (the Brazilian Futures Exchange). 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. Get started So this is a long-term strategy.. this year while grappling with profit margin pressure. Our people donated their time and nearly $1 million through our Fiserv Gives Back program, supporting more than 2,000 causes during the year. 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. We have issuers, we have merchants, and we have the third-largest network, Bisignano said. 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. The change could present an opportunity for Fiserv, which owns debit networks Star and Accel. Bisignano joined Fiserv in 2019 through the acquisition of First Data, where he was Chairman and Chief . 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. The company serves clients in more than 100 countries, and in 2021 was recognized among . Previously, his base salary was $1.32 million, according to the company's 2022 proxy filing. In the U.S. alone, Fiserv solutions reach nearly 100% of U.S. households. View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005599/en/, Media Relations: [20] In December of 2022 Bisignano signed a new contract with Fiserv to serve as president and CEO until 2027. Patel is a graduate of the New York University Stern School of Business and is a CFA charterholder. 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 . Brookfield, Wisconsin-based Fiserv offers payments, financial technology and merchant services. 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. Earlier in his career, Gibbons held leadership positions at global financial institutions in London, Amsterdam and New York. Prior to joining Fiserv, he served as CHRO with First Data. Todd Horvath is Co-Head of the Banking organization at Fiserv, Inc. Keep up with the story. 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. The company has maintained that it has about 44,000 employees around the world. 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 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. New contract extends term through 2027 and enhances governance features. 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. The company serves clients in more than 100 countries, was named among the World's Most Innovative . Fiserv, Inc.+1 414-526-3107 , 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. Gibbons joined the company in December 2018 from Deutsche Bank, where he led Global Transaction Banking. Yes, we did announce that we were going to relocate people, we were going to have synergies. VIDEO 05:44. 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. In this role, Horvath 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. Bisignano has been Fiservs CEO since July 2020, succeeding previous CEO Jeff Yabuki. 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. Cons. 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. He is also responsible for managing day-to-day operations and implementing the companys strategic plan. The payments company renewed Frank Bisignanos contract for another five years and gave him a 6% base salary increase. Throughout his career, Marino has been a champion of diversity and inclusion efforts. Patels experience includes 16 years at JPMorgan Chase & Co, where he was a top-ranked equity analyst in the investment bank, and later served as head of strategy within the companys mortgage banking division. 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. "[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 actually ended up shaving $1.2 billion in half that time, and stopped counting synergies at the end of last year when we hit the $1.2B number, Cave said in an email. 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 . Want to share a company announcement with your peers? 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. The global pandemic and its continued effects, ongoing social challenges and a heartbreaking conflict in Ukraine all of this and more inform what we believe is expected from us that we must listen and act, driving innovation, corporate citizenship and environmental stewardship to create sustainable, positive outcomes for our stakeholders and our world. 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, his base salary was $1.32 million, according to the companys. Kereere leverages her extensive experience leading payments and technology businesses to deliver excellence for clients ranging from small and mid-sized companies to global enterprises. 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. She is a Certified Public Accountant and Certified Information Security Manager.