((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Updates)
December 5 – ** Shares of payment company Fiserv
FI.N falls 7.8% to $198.95 in pre-market trading
** President-elect Donald Trump selects Fiserv CEO Frank Bisignano late Wednesday to lead the Social Security Administration
**FI will host a conference call Thursday at 8:30 AM ET with senior management
** Bisignano is the latest fintech chief executive to be tapped for a ministerial post after Shift4 FOUR.N chief executive Jared Isaacman was appointed head of NASA
**Bisignano appears to be a good selection for the role given his experience with large-scale transformation – Citi Research
** Brokerage says Fiserv's legacy of leadership and value creation will be missed, presenting some near-term uncertainty in terms of successor
**The company says, however, that Bisignano has assembled a strong group of talent and the company is well prepared for continued execution by the next level of management
** As of last close, FI shares are up 62.5% year-to-date
