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SWIFT establishes new hub in Malaysia

AvantiKumar | Nov. 30, 2012
This move underpins our belief in continued growth in the Asia Pacific region, said SWIFT.

Bronmans_Marcel - modified

Photo - Marcel Bronmans, Head of Human Resources, SWIFT.

 

Global financial messaging service provider SWIFT is creating a new corporate services hub in Kuala Lumpur, Malaysia, as part of its growth strategy in the Asia Pacific region.

SWIFT's head of human resources, Marcel Bronmans, said: "The new corporate hub is a key milestone that strongly supports our ambitious growth strategy for the region. By 2015, we will have dramatically increased our resources in Asia Pacific, which is expected to contribute significantly to the growth of our global business."

Bronmans said that in Kuala Lumpur, SWIFT would establish "an entirely new corporate services centre, complementing similar centres of SWIFT in the US and Europe. This will mean that there will be more than 100 new staff in Kuala Lumpur and Singapore by 2015."

"The centre will focus on services such as IT development, qualification testing, support, finance, human resources and operational functions. The new centre is expected to employ 100 staff by 2015. In the short term, a management structure will be put in place and local hiring will start by the end of 2012," he said.

"SWIFT explored several locations in the Asia Pacific region and finally selected Malaysia based on the excellent balance between the quality of doing business and the cost of doing business," said Bronmans. "To come to that conclusion, SWIFT has looked at many parameters such as the maturity of business establishment processes, support by the government, the availability of talent, the quality of office locations, etc."

"In addition, SWIFT's evolution in Asia Pacific reflects our belief in continued growth in the Asia Pacific region and our commitment to provide world-class financial infrastructure to support these expanding economies on behalf of the global SWIFT community," he said.

"As SWIFT designs, develops, operates and supports its own products that are used by financial institutions worldwide for their critical financial transactions, SWIFT is always looking for all kinds of IT development, testing, support and operational type staff," said Bronmans. "Since SWIFT services are highly mission critical and highly secure, we are looking for high quality in the talent we attract in the IT area. In return the people at SWIFT work with state-of-the-art technology and learn what it takes to run such a mission critical environment."

Malaysian ICT Market

"SWIFT has high expectations that Malaysia will offer talent in the IT area at all levels - from graduates with a solid baseline of knowledge in the IT area to seasoned IT professionals with knowledge and experience with a mix of technologies (e.g. C++ and Oracle Database). From what we have seen and heard from local authorities and especially from other companies who have already established in Malaysia, we believe that Malaysia is a good market to be in for such skills," said Bronmans.

"The new corporate hub is a key milestone that strongly supports our ambitious growth strategy for the region. By 2015 we will have dramatically increased our resources in Asia Pacific, which is expected to contribute significantly to the growth of our global business," said SWIFT chief executive officer, Gottfried Leibbrandt.

"SWIFT's evolution in Asia Pacific reflects our belief in continued growth in the Asia Pacific region and our commitment to provide world-class financial infrastructure to support these expanding economies on behalf of the global SWIFT community," said SWIFT Asia Pacific chief executive, Ian Johnston.

SWIFT has been in Asia Pacific for more than 30 years, starting in Hong Kong and Singapore. This year, Australia and New Zealand will mark their 30th anniversaries on SWIFT, and India marked 20 years on SWIFT in 2011. Three regional offices have been opened in Asia since 2005, bringing the total to eight commercial and support offices including the customer support centres in Hong Kong and Tokyo.

 

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