Frank J. Bisignano

1150 Votes

Compensation: $102,210,396
Company: First Data

Category:

Description

Frank J. Bisignano (born August 9, 1959) is an American businessman, and the Chairman and CEO of First Data. Based in New York City, Bisignano started his career as VP of both Shearson Lehman Brothers and First Fidelity Bank.[2] Starting in 1994 he held a number of executive positions at Citigroup,[3] with American Banker writing that “he got his payments industry bona fides at Citi by running its massive global transaction services unit.”[4] In 2004 the publication Treasury and Risk named him one of the “100 most influential people in finance.”[5]

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.”[6] Bisignano was also a primary negotiator in JPMorgan’s acquisition of the Canary Wharf property in London,[7] and CEO for several of JPMorgan’s mortgage banking divisions.[3] In 2012 he was promoted to co-COO,[3] and the Financial Times called him “one of [JPMorgan]s most influential, yet least visible, executives.”[8]

In 2013 Bisignano became CEO of First Data Corporation,[3][9] and his tenure has attracted a fair amount of coverage in the press.[6][10] He has overseen a technological push at the company, and in 2014 First Data collaborated with Apple Inc. on Apple Pay.[11] Bisignano is also on the boards of organizations such as Continuum Health Partners and the Metro Atlanta Chamber of Commerce.[2]