Former Deutsche Bank managing director takes up management role at industry cooperative
New York, 9 September 2019 - David Watson joins Swift as Strategic Relationship Director in North America from Deutsche Bank, where he served as Managing Director and Head of Cash Management for the Americas, as well as the Head of Global Digital Cash Products.
Watson will take responsibility for Swift’s strategic direction and growth in North America, charged with strengthening the cooperative’s key relationships and delivering commercial performance across its portfolio of products and services; including Swift’s global payments innovation (gpi) and its suite of financial crime compliance solutions.
David Scola, Acting Chief Executive, Americas & UK, Swift said: “David brings with him a wealth of industry expertise having held senior roles in operations, product management and product development, including cash, trade finance, and securities services. We are delighted to welcome him on board to help drive our regional strategy and support our vision of delivering a fast and frictionless cross-border payment experience for the global financial industry.”
Watson has served on Swifts Corporate Advisory Group since 2011. He has also served as a member of TCH’s Company Board since 2017.
David takes up his position on 9 September 2019 and will be based in New York.
Photo of David Watson is available on request.
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Swift is a global member owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and regulatory compliance.
Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories. While Swift does not hold funds or manage accounts on behalf of customers, we enable our global community of users to communicate securely, exchanging standardised financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world.
As their trusted provider, we relentlessly pursue operational excellence; we support our community in addressing cyber threats; and we continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Our products and services support our community’s access and integration, business intelligence, reference data and financial crime compliance needs. Swift also brings the financial community together – at global, regional and local levels – to shape market practice, define standards and debate issues of mutual interest or concern. Swift’s strategic five year plan, Swift2020, challenges Swift to continue investing in the security, reliability and growth of its core messaging platform, while making additional investments in existing services and delivering new and innovative solutions.
Headquartered in Belgium, Swift’s international governance and oversight reinforces the neutral, global character of its cooperative structure. Swift’s global office network ensures an active presence in all the major financial centres.