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SWIFT announces new Asia Pacific corporate hub

Zafar Anjum | Sept. 27, 2012
More than 100 new staff in Kuala Lumpur and Singapore by 2015, the company has announced.

A new Asia Pacific corporate hub will be established across two locations - Kuala Lumpur and Singapore, announced SWIFT today.

SWIFT is the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories.

According to a media statement by SWIFT, the company is creating an entirely new corporate services centre in Kuala Lumpur, complementing similar centres of SWIFT in the US and Europe. 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.

In Singapore, SWIFT already has a presence. As part of the new corporate hub strategy, the body will increase its existing global marketing presence in Singapore over the next three years. Separately, there will be new hires for commercial functions in Singapore and elsewhere in the region to support regional growth, said the company in its statement.

"The new corporate hub is a key milestone that strongly supports our ambitious growth strategy for the region," said Gottfried Leibbrandt, chief executive officer, SWIFT. "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." 

SWIFT has been in Asia Pacific for more than 30 years, starting in Hong Kong and Singapore.

"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 Ian Johnston, chief executive, Asia Pacific, SWIFT.


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