SWIFT opens office in San Francisco to support growth in North America

1 July 2008

SWIFT announced today it has expanded its North American presence with the addition of an office in San Francisco, California, to meet the needs of more than 160 customers and potential customers on the West Coast. The expansion supports the growth of the company’s US sales operations, and enables customers to benefit from the expertise and localized access of sales and technical support that is critical to securities, treasury and back-office operations.

“As a business critical, third-party service provider, SWIFT’s West Coast presence provides members of the local financial community—including asset management, hedge fund and corporates—with enhanced availability to SWIFT’s services,” said Steve Goswell, Principal, Barclays Global Investors.

SWIFT will initially staff the new office with two full-time employees with plans to grow to three in 2009. The Belgian-based financial messaging company has 20 offices worldwide, including the recently added office in San Francisco.

“SWIFT’s West Coast expansion underscores the region’s growing importance as a major international financial centre, and is a major step forward in making the company’s products and services more accessible to those of us in this part of the country,” said Libby Ghekiere, Senior Vice President and Group Product Manager of Banking and Investment Services at City National Bank.

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