Jan 23 (Reuters) - PNC Financial announced on

Thursday banking sector veteran Michael Lyons will leave the

lender to become the president and CEO-elect of payments firm

Fiserv ( FI ).

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 ( FI ) current CEO,

as commissioner of the Social Security Administration, a major

federal agency.

In a separate statement, Fiserv ( FI ) said Lyons' appointment

takes effect on Jan. 27. After Bisignano departs, Lyons will

become CEO of Fiserv ( FI ) and also become part of the board.

Before joining PNC, Lyons held various leadership roles at

Bank of America ( BAC ), the second largest U.S. lender,

including global head of corporate development and strategic

planning.