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SWIFT chooses Malaysia for its Asia Pacific centre

AvantiKumar | March 12, 2013
New Corporate Services facility in Kuala Lumpur will also allow its financial members to benefit from Asia's continued economic growth, said SWIFT.

Swift in Malaysia modified

Photo - (from left) Heikki Vandermander, Deputy Head of Mission at the Belgian embassy to Malaysia; Datuk Badlisham Ghazali, MDeC CEO; and Francis Vanbever, Chief Financial Officer at SWIFT.

Financial messaging provider SWIFT has opened its new Asia Pacific Corporate Services centre in Kuala Lumpur, Malaysia, to allow its member organisations to benefit from the region's economic growth.

During the opening of the new centre in Bangsar South, on 7 March 2013, SWIFT's chief financial officer, Francis Vanbever, said: "We are pleased to select Kuala Lumpur as our new corporate services centre, based on its excellent balance between the quality of doing business and the cost of doing business. To come to this conclusion, we have considered many parameters such as the maturity of business establishment processes, support by the government, the availability of talent and the quality of office location."

"We recognise the shift of the global economic centre of gravity to the East. We have established this centre to reflect our belief in continued growth in the Asia Pacific region and to further strengthen our back-office operations to serve the global SWIFT community," said Vanbever, who added that the Kuala Lumpur centre offered a wide range of services such as IT development, qualification testing, support, business operations, accounting and finance analysis and transactional functions.

Christophe Michel, formerly group financial controller, has been named head of the Kuala Lumpur Corporate Services Centre to oversee the daily operations and management of this new site in conjunction with teams in the U.S. and Europe. The centre has about 40 staff that will grow to 100 positions during the next three years, he said.

"The new centre is an important milestone for our Asia Pacific business," said SWIFT chief executive, Asia Pacific and EMEA, Alain Raes. "We now have a stronger physical presence in the region to support our Asia Pacific strategic initiatives and to meet the growing needs of our customers and the industry. SWIFT has also been increasing its existing global marketing presence in Singapore as part of a corporate strategy to grow our footprint in Asia Pacific for the benefit of regional and global customers."

SWIFT, which 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, has been in Asia Pacific for more than 30 years.


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