Most recently, SWIFT announced that James P. Donovan has joined SWIFT as Executive for the Securities Industry Division, to succeed Francis Remacle, who announced his retirement in 2005.
"Now that the SWIFTNet migration is complete, the spotlight is moving from our IT and operations to our commercial divisions. We need to help our worldwide members to get the most out of SWIFT, combining the community, our standard setting ability, and SWIFTNet," says SWIFT CEO Leonard H. Schrank.
Formulating SWIFT2010 strategy
SWIFT2010 is the next level of SWIFTâs strategy, which will be presented to the SWIFT Board and community by the end of 2006. Spearheading this effort is Gottfried Leibbrandt, who joins SWIFT after 18 years at McKinsey, where he was a Principal in their financial services practice and co-founder of their European payments practice. In the new role of Director of Strategy and Development, reporting to the CEO, Leibbrandt will help drive SWIFTâs strategic evolution and provide greater cohesion between commercial activities and the market.
Gary Bertone joins SWIFT after 22 years at the Federal Reserve Bank of New York, where he was Vice President Wholesale Product Office for the past six years, responsible for managing the Fedwire Funds Service for the Federal Reserve System and for the business continuity of all Fedwire Services. As Head of Market Infrastructures in the Banking Industry Division, Bertone will be based in New York and is responsible for managing SWIFTâs relationship with the major payments market infrastructures. Of particular strategic importance in the coming months will be the implementation of TARGET2. Bertone takes over from Harry Newman, who took on new responsibilities as Director FIN and Messaging. Harry now reports to Johan Kestens, Executive for Marketing.
Geoffroy De Schrevel joins from Unisys Consulting (formerly KPMG Consulting) as SWIFTâs new Head of Payments Market, and will be responsible for driving the development of SWIFTSolutions in this space. Previously, De Schrevel held senior positions with Advalvas Group, Maestro International and Europay International, where he started up Europay offices in Prague, Warsaw, Moscow and Istanbul and developed domestic payment systems in several Eastern countries.
Both Bertone and De Schrevel report to LÃ¡zaro Campos, Executive, Banking Industry Division.
Enhancing SWIFT's interfaces and connectivity
Kosta Peric, Director of Interfaces and Connectivity Products, reporting to Kestens, has hired experienced leaders to evolve SWIFTâs connectivity and interface products. Paolo Bernini, who has extensive experience in business development and product management within the telecommunications sector, has worked for Telecom Italia, AT&T, Radianz and most recently Tiscali. As head of direct connectivity products, he is responsible for product management of all products needed to connect directly to SWIFTNet: the SWIFTNet Link, the connectivity packs, the VPN box, the hardware security module, and the secure IP network itself.
Paul Shetler joins SWIFT from Microsoft, where he was most recently Managing Director for the financial services industry at Microsoft EMEA. Shetler has also worked for Netfish Technologies (later IONA), where he also focused on their FS business, as well as at Oracle, where he was Senior Industry Director, responsible for their EAI end e-business strategy. Based in London, he will focus on the interface add-on business â the separately-charged options, agents and adapters of the SWIFTAlliance range of interface products - and will seek to broaden the business and technology offering in this fast-moving area.
Deepening SWIFT's reach
"To transform its commercial front end, SWIFT is putting more technical resources closer to its customers through a new Global Sales Services (GSS) organisation," says Amanda Westwood, Director of Global Sales Services. The GSS teams work in tandem with the local Banking and Securities sales representatives ensuring faster and more in depth support for SWIFTNet and the SWIFT2010 initiatives.
As Senior Manager Global Sales Services for our Asia-Pacific region based in Hong Kong, Christian Sarafidis joins SWIFT after ten years at Controlware, most recently as Executive Vice President of Controlware International, responsible for international subsidiaries, strategic development, and global alliances. Nancy Pierce joins SWIFT after 23 years at JPMorgan Chase, most recently as Senior Vice President, JPMorgan Treasury Services. Pierce will be SWIFTâs Global Sales Services Manager for the Americas, based in New York.
Both will also contribute to driving SWIFTâs CIO reach programme, which is managed by GSS. Its role is to engage with chief information officers and other decision makers to gain insights into the technology challenges they face at an enterprise level. "We want to work with our members, to identify proprietary systems throughout the organisation that can benefit from adopting SWIFTNet and our SWIFTSolutions," explains Schrank. These senior officers have the job scope and budget authority to rationalise their banksâ systems end to end. Our CIO reach programme should be a big benefit to them."
"These recent hires are a testimony to the talent SWIFT is now attracting and to our commitment to benefit our members for years to come," said Schrank.