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SWIFT appoints new Chief Auditor

SWIFT appoints new Chief Auditor

Company Information,
10 December 2014

Peter De Koninck appointed as new Chief Auditor.

Brussels - 10 December 2014 - SWIFT announces the appointment of Peter De Koninck as Chief Auditor.

De Koninck's confirmation as Chief Auditor follows an extensive internal and external search led by Alan Goldstein, the Head of SWIFT's Audit and Finance Committee. De Koninck's appointment was confirmed at SWIFT's Board Meeting on Wednesday.

The Chief Auditor has a dual reporting line, with a direct solid functional reporting line to the Chair of the Audit and Finance Committee and a direct solid administrative reporting line to the CEO.

Said Alan Goldstein: "Since his appointment as Acting Chief Auditor, Peter has skilfully steered SWIFT's internal audit function through a period of growing challenges and increased scrutiny. After going through an extensive search process and having evaluated a wide range of candidates in the marketplace, the Audit and Finance Committee and I selected Peter; we are confident both in his leadership and his ability to head up this important assurance function for SWIFT. I have every confidence he will take the function forward together with his team of highly skilled and competent audit professionals."

De Koninck was appointed Acting Chief Auditor in April 2014, when SWIFT's previous Chief Auditor, Rich O'Brien retired. A Belgian national, he joined SWIFT's Internal Audit team in 1995 from PricewaterhouseCoopers where he was manager in the Computer Audit Group. In 1999, he moved to SWIFT in the US to establish the US Audit Team.  He returned to Belgium in 2004 after being appointed Deputy Chief Auditor. De Koninck holds a Bachelors' degree in Quantitative Economics from the University of Antwerp.

"I have worked closely with Peter, first as Deputy Chief Auditor, and more recently as Acting Chief Auditor, and have valued his commitment and counsel during this time", added Gottfried Leibbrandt, SWIFT's Chief Executive Officer. "Over the last eight months, he has done a tremendous job in ensuring we have been able to maintain our extremely strong audit record and build on our reputation of excellence."

SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 banking organisations, securities institutions and corporate customers in over 200 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.

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