- McGuire brings more than 30 years of international industry and government experience
- Previously served as Group Chief Information Security Officer (CISO) at Standard Chartered
Brussels, 2 August 2021 — Swift today announced the appointment of Cheri F. McGuire as Chief Technology Officer (CTO). McGuire, previously Group Chief Information Security Officer (CISO) at Standard Chartered PLC, has extensive technology and banking industry experience and will oversee the co-operative’s core infrastructure to ensure it remains strong, resilient and secure.
McGuire is an established thought leader and industry advisor on cyber risk management and resilience. During her time as CISO at Standard Chartered from 2016-2019 McGuire established a new global cyber risk management function across 60 countries and 85,000 employees. Before that she led cybersecurity policy and programmes at Microsoft and security vendor Symantec and was director of the National Cybersecurity Division and U.S. Computer Emergency Readiness Team (US-CERT) within the U.S. Department of Homeland Security.
McGuire begins in post today and will serve on Swift’s Executive Committee, reporting directly to CEO Javier Pérez-Tasso. She joins as Swift undertakes an ambitious transformation as part of its strategy to enable instant and frictionless transactions across its global network of more than 11,000 institutions and 4 billion accounts in 200 countries.
Swift CEO, Javier Pérez-Tasso, commented: “I was immediately impressed both by Cheri’s extensive knowledge in the cyber domain but also her experience and strategic understanding of technology transformation taking place within the financial services industry. I am confident in her leadership capabilities to drive our own technology platform transformation as we continue to execute on our strategy, while also ensuring high levels of trust within the community on operational excellence, business continuity and risk and control.”
Cheri McGuire, incoming Swift CTO, said: “I am excited to join Swift at such a pivotal time as it is re-tooling cross-border infrastructure and fundamentally transforming payments and securities. I look forward to working with Javier, the rest of the Swift team and Swift’s member institutions, as we help to drive the future of cross-border financial transaction management.”
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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.
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.