SWIFT is appointing seven new members to its board of directors following a regular triennial share reallocation exercise and several end-of-term appointments.
The new members are:
– Yves Baguet, CIO of Clearstream Services- Mark Buitenhek, global head of Payments and Cash Management for ING- David Cyr, senior vice president of Payments and Trade Technology and Operations at Royal Bank of Canada- Marcel Jongmans, CEO of ABN AMRO Global Clearing and Managing Director of ABN AMRO Clearing Bank NV- Ulrich Stritzke, managing director of Credit Suisse- Yongli Wang, Executive Director of the Bank of China- Bhavesh Zaveri, head of Operations and Cash Management Products at HDFC Bank and director at National Payment Corporation of India and The Clearing Corporation of India
Zaveri is the first SWIFT board member from India.
I am very pleased to welcome these seven new members to our board at what is a very exciting time for the company, says SWIFT Chairman Yawar Shah. It is critical that we continue to benefit from a board that is as geographically diverse as it is in expertise in securities, payments, finance and technology. Now, for the first time, we have a board member from India to represent several Asian countries, and a new board member from China, a key market for SWIFT.
With an exceptionally strong management team and a diverse Board with a wealth of industry expertise, I am very confident SWIFT is well placed to help the financial services industry respond to an unprecedented era of profound change, Shah says.
In May, the cooperative networks board appointed a new CEO, Gottfried Leibbrandt, who will take the position on June 30.
(OS)