Mark Sievewright Takes Over as Fiserv CU Division Chief
Mark Sievewright now gets to put his thoughts into action, and he said he hears that a lot.
Sievewright, the former TowerGroup research and advisory firm CEO who joined Fiserv Inc. as a senior strategist in 2004, is now the president of the company’s credit union division, the largest such organization in the credit union industry.
Sievewright had a role–"not a major role"–in the company’s melding of its seven individual credit union core processing divisions as part of the "one Fiserv" reorganization announced in early 2009. That culminated a process that began not long after Jeffrey Yabuki became president/CEO in 2005 and was accelerated by the purchase of payments processor CheckFree in 2007.
The seven members of the CU7 brand lost their individual identities as the company began marketing and branding by platform names under the Fiserv label, stressing their integration with ancillary products and services from across the broad organization. The company also now refers to core processing platforms as account processing platforms.