Frank Bisignano Net Worth 2024, Age, Height, Bio, Birthday, Wiki!

Explore Frank Bisignano net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Frank Bisignano? Who is Frank Bisignano dating now & how much money does Frank Bisignano have?

Frank Bisignano Biography

Frank Bisignano is one of the most popular and richest Businessperson who was born on August 9, 1959 in Brooklyn, New York, United States. Frank J. Bisignano was born on the 9th of August 1959 in the Borough in Brooklyn, New York. Bisignano and his younger sister Elvira was raised by his grandparents Albert H. Bisignano and Anna Rutigliano Bisignano in the Brooklyn neighborhood of Mill Basin. Bisignano’s grandparents came of Southern Italy, and his father, also from Brooklyn was an US Customs Officer at Port Newark for 45 years. Bisignano was a student at Baker University in Kansas and obtained a Bachelor’s Degree on finance at Newport University (also known as Janus University).

He was the CEO of Citigroup’s corporate and investment banking unit from 2002 until 2004, in charge of a series of mergers as well as taking over Primerica Financial Services. From 2002 until December 2005, he was the chief executive officer of the firm’s Global Transaction Services division, together with Maria Aspan of American Banker writing later the Bisignano “got his payments industry bona fides at Citi by running its massive global transaction services unit.” In his time as CEO, revenue for the division increased from an annual revenue of $4 billion, to $6 billion and the “bottom line performance” changing from a net losing $400 million to a profit of more than $1 billion. On June 1, 2004 The magazine Treasury and Risk named him as one among the “100 most influential people in finance,” calling him as a “flow master” for “keeping corporate cash moving,” and stating that as chief executive officer of Citigroup Global Transaction Services division, his team “restructured the way the bank deals with its customers to give corporations a single point of contact for all their banking needs.”

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.” Bisignano was also a primary negotiator in JPMorgan’s acquisition of the Canary Wharf property in London, and CEO for several of JPMorgan’s mortgage banking divisions. In 2012 he was promoted to co-COO, and the Financial Times called him “one of [JPMorgan]s most influential, yet least visible, executives.”

For some time the press had reported that Kohlberg Kravis Roberts & Co (KKR), the firm which had purchased First Data in 2007 for $28 billion, was considering selling First Data’s financial services business in an effort to recoup losses. The division consists of First Data’s credit, debit and retail card processing services, and was valued at around $4 to $5 billion. Within one day of Bisignano becoming CEO the sale was announced to be off. Publications such as Bloomberg Businessweek credited the halt to Bisignano, quoting KKR executive Scott Nutall as stating “one of the first things Frank said to me was, ’Don’t sell it! I think I can fix it.” Bisignano announced that there were “synergies” between First Data’s divisions, and instead of breaking up the company he was considering options such as a partial public offering and boosting profits.

In 1994, he was employed at the financial service company Smith Barney, where he was involved in a variety of acquisitions that resulted in the establishment of Citigroup. In his role at Citigroup at the end of the year, he was “responsible for the management of operations, technology and general services activities on a worldwide basis for the Corporate Investment Bank.” In Citigroup it was also an active member of the Management Committee. His first position in leadership was that of chief executive officer of their Global Corporate and Investment Banking Group (GCIB) as well as was also the position of Chief of Operation and Technology of the whole firm from 2000 until 2003. He was the deputy for the 9/11 attacks and also managed the continuity plan for more than 16,000 JPMorgan Chase employees displaced by the destruction of the World Trade Center.

Ethnicity, religion & political views

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He was also CEO of the Mortgage Banking unit as of February 2012, where his responsibilities included “overseeing technology, operations, real estate, and general services.” After JPMorgan surpassed first-quarter earnings in April 2012 solely because of mortgage lending profits, Tim Higgins of Bloomberg Businessweek reported that “Bisignano has turned around the mortgage unit.” In April 2012, Dick Cashin of One Equity Partners stated that “Frank is the go-to manager at JPMorgan,” calling him “the guy brought in to fix things” and “the culture carrier of a bank managed not by bankers and traders but by businessmen and businesswomen.” In 2012 the Mortgage Banking unit reported net income of $3.3 billion, widely divergent from the previous year’s net loss of $2.1 billion. J.D. Power and Associates also published a study that JP Morgan Chase saw an increase in customer satisfaction rate in relation to buying home and refinancing. Throughout 2012, he was also involved in planning the 2012 mortgage settlement intended to help the US economy.

Frank Bisignano Net Worth

Frank Bisignano is one of the richest Businessperson from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Frank Bisignano's net worth $5 Million. (Last Update: December 11, 2023)

Frank J. Bisignano (born on August 9 1959) is an American businessman and chairman and Chief Executive Officer of Fiserv. The company is headquartered at New York City, Bisignano began his career as the VP at Both Shearson Lehman Brothers and First Fidelity Bank. Beginning in 1994, he held various executive post at Citigroup and Citigroup, including American Banker writing that “he got his payments industry bona fides at Citi by running its massive global transaction services unit.” In 2004, the journal Treasury and Risk named him as one in the “100 most influential people in finance.”

In the mid-80s, Bisignano started working for Shearson Lehman Brothers, an American investment trading and banking firm. In 1986, he was promoted to the position of senior vice president which he held until the year 1990. From 1990 until 1994, He worked at First Fidelity Bank, where the position was executive vice president. He also managed the operations and technology. After that, he became their chief consumer loan officer. The bank was overseen by him thirteen acquisitions, as well as the merger of 8 banks in one.

Bisignano left Citibank in 2005 to join the large financial firm JPMorgan Chase, becoming chief administrative officer on December 5, 2005. According to Henny Sender of The Financial Times, Bisignano soon became “one of [CEO] Jamie Dimon’s senior lieutenants,” and Bloomberg Businessweek wrote that Dimon “trusted him with integrating the bank’s purchases of a foundering Bear Stearns Cos. and bankrupt Washington Mutual Inc. during the crisis.” Bisignano was also a negotiator in JPMorgan’s acquisition of the Canary Wharf property in London, while at the time undergoing treatment for throat cancer. Syracuse University awarded him their Chancellor’s Medal for Outstanding Achievement in 2010, citing his creation of “new interdisciplinary technology curriculum” meant to help train Chief Information Officers.

“A year ago, First Data was a symbol of private equity hubris, but it now has a well-regarded chief executive – its fifth since 2010 – with the freedom to invest, teaming up with Silicon Valley groups such as Palantir in the process.”

Bisignano became the CEO of the private technology company First Data Corporation on April 29, 2013, taking over from interim CEO Ed Labry. According to the New York Times, among other services First Data “processes credit card payments and manages A.T.M.’s.” Though the company had consolidated revenue in 2013 of $10.8 billion, it was heavily debt-ridden and had cycled through four CEOs, including Michael Capellas, since 2007.

Height, Weight & Body Measurements

Frank Bisignano height Not available right now. Frank weight Not Known & body measurements will update soon.

While at JP Morgan Chase he was also CEO for a number of divisions, and he became head of US Mortgage Business in February 2011. He was then CEO of the mortgage banking division later that year, and at the time Financial Times called him “one of [JPMorgan]s most influential, yet least visible, executives.” The division had encountered legal and financial difficulties in the recent financial crisis, and The Economic Times explained Bisignano’s task as “repairing [JPMorgan’s] home-lending business after mortgages were acquired through the bank’s acquisitions of Bear Stearns and Washington Mutual.”

In July 2012 he was promoted to co-chief operating officer of JPMorgan Chase, a role he retained until April 28, 2013. As co-COO he was responsible for “overseeing global technology, real estate, operations, procurement, compliance, regulatory control and oversight, resiliency, security and safety, and general services for all of JP Morgan Chase’s businesses in over 60 countries.” He was also active as a part of JPMorgan Chase’s Operating Committee and Executive Committee.

Who is Frank Bisignano Dating?

According to our records, Frank Bisignano is possibily single & has not been previously engaged. As of December 1, 2023, Frank Bisignano’s is not dating anyone.

In April 2013, The New York Times reported that Bisignano was departing JPMorgan to become CEO of First Data Corporation. First Data had first approached him in early April, Bisignano stated, and “[the new role] is a great job for me… We got to that conclusion very quickly.” Bisignano’s co-COO Matthew Zames became the sole COO of JPMorgan Chase.

Facts & Trivia

Frank Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in United States. Frank Bisignano celebrates birthday on August 9 of every year.

In 2013 Bisignano became CEO of First Data Corporation, and his tenure has attracted a fair amount of coverage in the press. He has overseen a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay. Bisignano is also on the boards of organizations such as Continuum Health Partners and the Metro Atlanta Chamber of Commerce.

What is Frank Bisignano salary?

What is the salary of Frank Bisignano? As the President, Chief Executive Officer, and Director of Fiserv, the total compensation of Frank Bisignano at Fiserv is $40,263,400. There are no executives at Fiserv getting paid more.

When did Frank Bisignano become CEO of Fiserv?

Bisignano joined Fiserv in 2019 and led the company’s day-to-day operations as President and Chief Operating Officer before assuming the role of Chief Executive Officer in July 2020. He became Chairman of the Board in May 2022.

How old is Frank Bisignano?

62 years (August 9, 1959)

Who is the CEO of First Data?

Frank Bisignano (Apr 29, 2013–)

How big is Fiserv?

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