Bob Beriault has been named president of Fiserv Inc.'s securities' processing group.

Mr. Beriault, 47, is responsible for the securities clearing businesses at Brookfield, Wis.-based Fiserv. He is also in charge of Fiserv Investor Services Inc., a Houston third-party marketer with more than 150 bank clients.

"In a sense he was doing the role already; it's just more formalized," Mr. Jensen said.

From 1986 Mr. Beriault was president and chief executive of Lincoln Trust Co., a Fiserv business in Denver. He has more than 20 years of experience in financial services.

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