Frank Bisignano

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Frank Bisignano
Born (1959-08-09) August 9, 1959 (age 63)
Brooklyn, New York, US
Alma materBaker University
Newport University (also known as Janus University of California)
OccupationBusinessman
Years active1990s-present
TitlePresident and CEO, Fiserv
WebsiteFrank Bisignano at First Data

Frank J. Bisignano (born August 9, 1959) is an American businessman and the President and CEO of Fiserv. He previously served as the CEO of First Data Corporation and the COO of JPMorgan Chase.

Career[edit]

Based in New York City, Bisignano started his career as VP of both Shearson Lehman Brothers and First Fidelity Bank.[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."[3] In 2004 the publication Treasury and Risk named him one of the "100 most influential people in finance."[4]

Hired as CAO of JPMorgan Chase in 2005, CEO Jamie Dimon "trusted him with integrating the bank’s purchases of a foundering Bear Stearns Cos. and bankrupt Washington Mutual Inc. during the crisis."[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.[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."[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.[5][11][12][13] He oversaw a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay.[14][15][16] Bisignano is also on the boards of organizations such as Continuum Health Partners and the Metro Atlanta Chamber of Commerce.[1] Following Fiserv's acquisition of First Data in 2019, Bisignano formally assumed the role of Fiserv CEO in July 2020.[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.[18]

Bisignano is consistently rated as one of the highest-paid CEOs in the United States. In 2017, the New York Times reported that his compensation exceeded $100 million.[19] His compensation was rated at approximately $40 million in 2019.[20]

Politics[edit]

Bisignano is a long-time supporter of the Republican Party, and Donald Trump in particular. He has donated hundreds of thousands of dollars towards Republican campaigns, including a $125,000 contribution to Trump Victory in 2019.[21]

References[edit]

  1. 1.0 1.1 "Frank Bisignano Chairman and Chief Executive Officer". First Data. Retrieved 2015-02-21.
  2. 2.0 2.1 2.2 2.3 "Frank J. Bisignano". Bloomberg Businessweek. Retrieved 2015-02-21.
  3. Aspan, Maria (April 28, 2013). "JPMorgan Co-COO Bisignano Departs to Run First Data". American Banker. Retrieved 2015-02-21.
  4. "100 Most Influential People In Finance". Treasury and Risk. June 1, 2004. Retrieved 2015-02-21.
  5. 5.0 5.1 Carey, David (September 16, 2014). "KKR Banks on Bisignano Forging Apple Deal at First Data". Bloomberg Businessweek. Retrieved 2015-02-21.
  6. "First Data's new CEO Frank Bisignano faces debt burden, needs growth". The Economic Times. April 30, 2013. Retrieved 2015-02-21.
  7. Guerrera, Francesco (February 15, 2011). "'Frankie B' takes pivotal role in JPMorgan". Financial Times. Retrieved 2015-02-21.
  8. "'Frankie B' takes pivotal role in JPMorgan". Financial Times. February 15, 2011.
  9. "Top Lieutenant of Dimon Is Departing JPMorgan". The New York Times. April 28, 2013.
  10. Swearngan, Chip (April 28, 2013). "First Data Names Frank Bisignano Chief Executive Officer". First Data. Retrieved 2015-02-21.
  11. Sender, Henny (September 18, 2014). "KKR seeks to make the numbers work at First Data". Financial Times. Retrieved 2015-02-21.
  12. "First Data's new CEO Frank Bisignano faces debt burden, needs growth". The Economic Times. April 30, 2013.
  13. "First Data Reports First Quarterly Profit in More Than Seven Years". Wall Street Journal. February 10, 2015.
  14. Sidel, Robin (February 10, 2015). "First Data Reports First Quarterly Profit in More Than Seven Years". Wall Street Journal. Retrieved 2015-02-21.
  15. "KKR Banks on Bisignano Forging Apple Deal at First Data". Bloomberg Businessweek. September 16, 2014.
  16. "First Data's new CEO focused on innovation". Atlanta Business Chronicle. May 31, 2013.
  17. "Frank J. Bisignano President and Chief Executive Officer". Fiserv. Retrieved 2021-07-26.
  18. "Peter Thiel's data-mining company is using War on Terror tools to track American citizens. The scary thing? Palantir is desperate for new customers". Bloomberg.com. Retrieved 2021-07-26.
  19. "The Highest-Paid C.E.O.s in 2017". New York Times. Retrieved 2022-01-07.
  20. "Fiserv COO Frank Bisignano's 2019 pay jumps 232% to $40M". Execpay.org. Retrieved 2021-07-26.
  21. FEC Public Election Contributions (Report). Federal Election Commission. Retrieved 2020-07-12.

External links[edit]

External video
video icon Video of Bisignano on CNBC in February 2014, discussing First Data's partnership with VISA