Fiserv Appoints Jim Grech as CIO, Succeeding Clifford Skelton

Fiserv, Inc. (NASDAQ: FISV) a provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, technology, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for the financial services industry, has named a new Chief Information Officer (CIO), securing Jim Grech to the role, according to a Fiserv statement.

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Mr. Grech will step into his new role on November 7, 2016, succeeding Clifford Skelton – Mr. Skelton will remain with the group and will be moving into a new role at Fiserv after nearly five years across several leadership positions at the company.

Mr. Grech will be tasked with overseeing information technology infrastructure and operations, corporate systems, enterprise architecture, technology governance – in addition his mandate will also see him lead the company's strategic focus on next generation technology platforms.

Mr. Grech joins Fiserv from BNY Mellon, having spent the majority of his career at the group, where he focused on financial services technology. Prior to joining BNY Mellon in 2013, he also worked for over six years leading infrastructure services across the enterprise at American Express, with an additional stint as the Chief Technology Officer at TD Waterhouse National Bank, among other stops.

According to Mark Ernst, Chief Operating Officer (COO) at Fiserv, in a recent statement on the appointment: "Jim brings a deep understanding of financial services gained from nearly three decades in the industry, which is enhanced by expertise in delivering and optimizing technology infrastructure in support of a global user base. Jim will continue our commitment to ensuring our technology is enabling Fiserv to deliver the highest levels of quality for our clients."

The hire was the latest move at Fiserv since the appointment of Devin McGranahan to succeed Rahul Gupta as president of the company’s Billing and Payments Group last month.