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Fiserv Taps New Legal Boss a Week After Losing Former Top Lawyer

June 24, 2021, 7:29 PM

Financial services company Fiserv Inc. has named Adam Rosman as its next chief administrative and legal officer, a week after losing its previous top lawyer to sports betting company Sportradar AG.

Rosman will officially join the Brookfield, Wis.-based payments processing company on July 26, according to a Thursday statement. He previously worked for Fiserv as senior advisor in 2019, according to his LinkedIn profile, and returns after a stint as executive vice president and general counsel at OneMain Financial.

Before his first run with Fiserv, Rosman was general counsel of financial services company First Data Corp., where he “played a key role” during the company’s $22 billion merger with Fiserv last year.

Fiserv president and CEO Frank Bisignano said in an interview last August that the Covid-19 pandemic had accelerated the need for fintech services like Fiserv’s point of sale payments system Clover, which includes card readers and touchscreen payment systems, particularly among small business.

“That’s where Clover plays a key role because it allows them to have a platform to run their business so they can focus on the other business elements,” Bisignano said.

Fiserv, which counts companies like Overstock.com, Lyft, and Wingstop among its clients, reported net profits of $975 million for 2020, compared to $914 million for the year before. Annual sales were also up 22%, according to the Feb. 9 earnings report.

Rosman succeeds Lynn McCreary, who is now chief legal officer of Sportradar after more than a decade with the company. Eric Nelson and Jennifer Manchester have stepped in as interim co-heads of legal since McCreary’s departure.

Fiserv also named Suzan Kereere as its new chief growth officer and promoted its current chief administrative officer Guy Chiarello to chief operation officer.

“These highly experienced leaders will further enhance our talented leadership team,” Bisignano said in the statement, “and our focus on creating value for clients and their customers through our unique combination of innovative, highly differentiated solutions and services.”

Fiserv and Rosman declined to comment on his move.

To contact the reporter on this story: Ruiqi Chen in Washington, D.C. at rchen@bloombergindustry.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com

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