Tired of mergers and acquisitions, Robin H. Smith has left Fiserv Inc. to become the new president and chief executive officer at Formation Technologies Inc., a compliance company in Denver.

Mr. Smith had been with the Orlando-based data processing company since 1991. Most recently, he was Fiserv's senior vice president of the Comprehensive Banking System division, promoting the retail banking data processing system that he helped develop 16 years ago.

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