The global watchdog said that the selection of the seven new members is a part of a Board review after every three years and a number of ‘end of term’ appointments.
SWIFT chairman Yawar Shah said it was critical to 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", Shah added.
"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."
The seven new Board members include Yves Baguet, CIO of Clearstream Services, in charge of the IT development departments; Mark Buitenhek, Global head of payments and cash management for ING, also a member of the European Payments Councils’ Plenary; David Cyr ,senior vice-president, payments & trade technology & operations at Royal Bank of Canada; Marcel Jongmans, both CEO of ABN AMRO global clearing and statutory director and managing director of ABN AMRO Clearing Bank NV.
Other newly elected members include Ulrich Stritzke, managing director of Credit Suisse and head global cross product processing; Yongli Wang, executive director of the Bank of China and 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.
SWIFT offers the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 210 geographies across the globe.
