Swift adds seven to its board

BoardroomFinancial messaging service Swift has made seven appointments to its board, following a regular three yearly share reallocation exercise and a number of end of term appointments.

Among the new board members are Yves Baguet, chief investment officer of Clearstream Services; Mark Buitenhek, global head of payments and cash management for ING; and David Cyr senior vice president, payments and trade technology and operations at Royal Bank of Canada.

Also joining are Marcel Jongmans, both chief executive officer of ABN AMRO global clearing and statutory director and managing director of ABN AMRO Clearing Bank; Ulrich Stritzke, managing director of Credit Suisse and head global cross product processing; and Yongli Wang, executive director of the Bank of China, are other new appointments.

Bhavesh Zaveri, country head operations and head cash management products at HDFC Bank, as well as director at both the National Payment Corporation of India and director of The Clearing Corporation of India, is the first member from India.

According to Swift, total message volumes have almost doubled over the past five years. At the end of May, the company announced a new peak of more than 20 million messages in a single day.

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