In showing its commitment to Asia Pacific as an engine of growth for the global financial industry, SWIFT has moved its new Chief Executive APAC from Belgium to Singapore.
"SWIFT is placing a strategic focus on the East and growth markets around the world, in line with the economic shifts that will continue for the next 20 years, and the appointment of its Chief Executive for EMEA, Alain Raes, to assume the Chief Executive role in Asia Pacific reflects this commitment," said the financial communication services provider in a statement.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 212 countries and territories.
Raes succeeds Ian Johnston, who stepped down as Chief Executive Officer Asia Pacific at the end of 2012.
Raes is relocating from SWIFT's global headquarters in Belgium to its Singapore office. He was appointed Chief Executive of EMEA (Europe, Middle East and Africa) in September 2007 and was previously Director of the Continental Europe region
According to the company, Raes will focus on implementing the strategy SWIFT has in place for the Asia-Pacific region. "I support our AP 2015 strategy - because growth in Asia, in line with its economic growth ensures that we are delivering to the development of the global financial community as well as delivering economies of scale for our customers around the world," says Raes.
"After my first experience in Singapore 20 years ago and a rich career in EMEA, I wanted to return to Asia as it increasingly becomes a global growth engine, and believe that we will find new ways to support the financial industry because of the experience we have in mature and growth markets in both parts of the world, as well as in the Americas," Raes said.
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