Bob Beriault Named President of the Fiserv Securities Processing Group.BROOKFIELD, Wis.--(BUSINESS WIRE)--Dec. 11, 1998--Fiserv, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FISV FISV Fiserv, Inc (stock symbol) ) announced today that Bob Beriault has been promoted to the position of Group President - Fiserv Securities Processing Group. He previously was President of Lincoln Trust Co., a Fiserv business based in Denver, Colorado. The Fiserv Securities Processing Group currently consists of three businesses: BHC BHC benzene hexachloride. BHC, ?-BHC see benzene hexachloride. Securities, Fiserv Institutional Services, Inc. and Fiserv Correspondent Services, Inc. "We're pleased to bring Bob into this leadership position for our securities processing businesses," said Leslie M. Muma, Vice Chairman, President and COO of Fiserv, Inc. "Bob has been involved since the onset in our strategic decision to enter this business, and has been key in identifying and negotiating our recent acquisitions of BHC Securities and Fiserv Correspondent Services. Fiserv has made a strong commitment to become a leader in the securities processing business, and we're confident in Bob's abilities to continue to grow this business." Beriault has more than 20 years experience in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. He joined Lincoln Trust company as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in 1986 and led the company to become the largest privately held trust company in the nation. Lincoln was acquired by Fiserv in 1995 and provides a broad range of retirement plan and custodial services to financial planners, broker dealers and self-directed investors throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Beriault is now responsible for all Fiserv Securities Processing companies providing processing solutions, services and products to the brokerage industry. BHC Securities, Inc., based in Philadelphia, is a leading, national, third-party provider of integrated brokerage processing and outsourcing services to securities brokerage affiliates of banks, mutual fund companies, insurance companies and independent broker dealers. Fiserv Institutional Services, Inc., based in Houston, provides third-party marketing services to banks to outsource their annuity and mutual fund sales. In addition, it provides complete brokerage services to more than 150 community banks and financial organizations. Through its affiliate, Tradestar Investments, Inc., the company also provides telephony and Internet-based discount brokerage A discount brokerage is a business that charges clients significantly lower fees than traditional brokerages, typically offering comparatively fewer services and/or advice. services. Fiserv Correspondent Services, Inc., based in Denver, provides a comprehensive package of securities processing services to full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount dealers, investment advisors, market makers, discount broker dealers, institutional sales organizations, electronic traders and municipal bond dealers. Fiserv, Inc. (NASDAQ:FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves approximately 7,000 financial service providers worldwide, including banks, broker/dealers, credit unions, financial planners/investment advisors, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, WI, Fiserv also can be found on the World Wide Web at www.fiserv.com. |
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