Jan 23 (Reuters) - PNC Financial PNC.N announced on Thursday banking sector veteran Michael Lyons will leave the lender to become the president and CEO-elect of payments firm Fiserv FI.N.
Lyons joined PNC, one of the largest banks in the U.S., in 2011 as head of corporate and institutional banking. He was named president in 2024.
Newly elected President Donald Trump announced last month his decision to appoint Frank Bisignano, Fiserv's current CEO, as commissioner of the Social Security Administration, a major federal agency.
In a separate statement, Fiserv said Lyons' appointment takes effect on Jan. 27. After Bisignano departs, Lyons will become CEO of Fiserv and also become part of the board.
Before joining PNC, Lyons held various leadership roles at Bank of America BAC.N, the second largest U.S. lender, including global head of corporate development and strategic planning.
(Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
((Manya.Saini@thomsonreuters.com; X: manya__saini;))
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