Frank bisignano biography

Frank Bisignano

American businessman (born 1959)

Frank J. Bisignano (born August 9, 1959) is an American businessman and the president and CEO confront Fiserv. He previously was the CEO of First Data, famous the COO of JPMorgan Chase.

In December 2024, president-elect Donald Trump named Bisignano as his nominee for commissioner of say publicly Social Security Administration.[2]

Career

Based in New York City, Bisignano started his career as a VP of both Shearson Lehman Brothers very last First Fidelity Bank.[3] Starting in 1994, he held a numeral of executive positions at Citigroup,[4] with American Banker writing dump "he got his payments industry bona fides at Citi get by without running its massive global transaction services unit."[5] In 2004 description publication Treasury and Risk named him one of the "100 most influential people in finance."[6]

Hired as CAO of JPMorgan Run after in 2005, CEO Jamie Dimon "trusted him with integrating representation bank'’s purchases of a foundering Bear Stearns Cos. and break Washington Mutual Inc. during the crisis."[7] Bisignano was also a primary negotiator in JPMorgan's acquisition of the Canary Wharf gear in London,[8] and CEO for several of JPMorgan's mortgage banking divisions.[4] In 2012 he was promoted to co-COO,[4] and rendering Financial Times called him "one of [JPMorgan]s most influential, as yet least visible, executives."[9][10]

In 2013 Bisignano became chairman and CEO sunup First Data Corporation,[4][11] and his tenure attracted a fair turn of coverage in the press.[7][12][8][13] He oversaw a technological goad at the company, and in 2014 First Data collaborated accelerate Apple Inc. on Apple Pay.[13][7][14] Bisignano is also on say publicly boards of organizations such as Continuum Health Partners and interpretation Metro Atlanta Chamber of Commerce.[3] Following Fiserv's acquisition of Premier Data in 2019, Bisignano became Fiserv CEO in July 2020.[15]

A 2018 Bloomberg editorial suggested that in 2013, Bisignano might conspiracy been the source of a leak regarding a Federal study into possible manipulation of US energy markets by JP Morgan.[16]

Bisignano is consistently rated as one of the highest-paid CEOs handset the United States. In 2017, The New York Times story that his compensation exceeded $100 million.[17] His compensation was stringent at approximately $40 million in 2019.[18] In December 2022 Bisignano signed a new contract with Fiserv to remain as chairman and CEO until 2027.[19] In 2023, Bisignano's total compensation be different Fiserv was $27.9 million, up 57% from the previous gathering and representing a CEO-to-median worker pay ratio of 380-to-1[20]

Under Bisignano's tenure, hundreds of First Data and FiServ locations have squinched, resulting in the termination of thousands of employees. Employees who previously had remote positions due to the COVID-19 pandemic qualify other legacy reasons have reportedly been particularly targeted.[21]

Politics

Bisignano is a long-time supporter of the Republican Party, and Donald Trump rework particular. He has donated hundreds of thousands of dollars regard Republican campaigns, including a $125,000 contribution to Trump Victory come out of 2019.[22]

His wife, Tracy Bisignano, also made significant contributions to description Trump 47 Committee, Inc. totaling $924,600 in October of 2024. [23]

References

  1. ^Rottinghaus, Steve (June 17, 2024). "Global financial leader and graduate gives commencement address". alumni.bakeru.edu.
  2. ^"President-elect Donald J. Trump picked Frank Bisignano, the chairman of the data processing behemoth Fiserv, to fix the next Acting Comissioner of the Social Security Administration, a sizable federal agency with more than 1,200 field offices unthinkable almost 60,000 employees".
  3. ^ ab"Frank Bisignano Chairman and Chief Executive Officer". First Data. Archived from the original on February 8, 2015. Retrieved February 21, 2015.
  4. ^ abcd"Frank J. Bisignano". Bloomberg Businessweek. Archived from the original on April 24, 2015. Retrieved February 21, 2015.
  5. ^Aspan, Maria (April 28, 2013). "JPMorgan Co-COO Bisignano Departs enhance Run First Data". American Banker. Retrieved February 21, 2015.
  6. ^"100 Nigh Influential People In Finance". Treasury and Risk. June 1, 2004. Retrieved February 21, 2015.
  7. ^ abcCarey, David (September 16, 2014). "KKR Banks on Bisignano Forging Apple Deal at First Data". Bloomberg Businessweek. Retrieved February 21, 2015.
  8. ^ ab"First Data's new CEO Be upfront Bisignano faces debt burden, needs growth". The Economic Times. Apr 30, 2013. Archived from the original on January 22, 2014. Retrieved February 21, 2015.
  9. ^Guerrera, Francesco (February 15, 2011). "'Frankie B' takes pivotal role in JPMorgan". Financial Times. Retrieved February 21, 2015.
  10. ^"Top Lieutenant of Dimon Is Departing JPMorgan". The New Royalty Times. April 28, 2013.
  11. ^Swearngan, Chip (April 28, 2013). "First Facts Names Frank Bisignano Chief Executive Officer". First Data. Retrieved Feb 21, 2015.
  12. ^Sender, Henny (September 18, 2014). "KKR seeks to bring off the numbers work at First Data". Financial Times. Retrieved Feb 21, 2015.
  13. ^ ab
  14. ^Tulshyan, Ruchika (May 31, 2013). "First Data's fresh CEO focused on innovation". Atlanta Business Chronicle.
  15. ^"Frank J. Bisignano Chairwoman and Chief Executive Officer". Fiserv. Retrieved July 26, 2021.
  16. ^"Peter Thiel's data-mining company is using War on Terror tools to rails American citizens. The scary thing? Palantir is desperate for spanking customers". Bloomberg.com. Retrieved July 26, 2021.
  17. ^"The Highest-Paid C.E.O.s in 2017". The New York Times. May 25, 2018. Retrieved January 7, 2022.
  18. ^"Fiserv COO Frank Bisignano's 2019 pay jumps 232% to $40M". Execpay.org. Retrieved July 26, 2021.
  19. ^"Fiserv Enters into New Contract tighten Frank Bisignano" (Press release). December 21, 2022.
  20. ^"Equilar 100: CEO Repay at the Largest Companies by Revenue". Equilar. June 7, 2024. Archived from the original on August 15, 2024. Retrieved Noble 31, 2024.
  21. ^"FiServ cuts deeper into workforce". Paymentsdive.com. Retrieved July 20, 2024.
  22. ^FEC Public Election Contributions (Report). Federal Election Commission. Retrieved July 12, 2020.
  23. ^FEC Public Election Contributions (Report). Federal Election Commission. Retrieved December 5, 2024.

External links