April 28, Electronic payment processor First
Data Corp. said on Sunday it hired top JPMorgan
executive Frank Bisignano as its chief executive officer,
effective Monday April 29.
As earlier reported by the Wall Street Journal, Bisignano is
the latest senior executive to leave the U.S. bank giant after
it suffered heavy trading losses and has been under regulatory
Bisignano had jointly held the role of chief operating
officer at JPMorgan with Matt Zames. Zames was set to fully
assume the role after Bisignano's departure, according to the
Wall Street Journal.