- Graeme Munro of J.P. Morgan elected Chair, bringing more than 30 years’ experience in technology, operations and risk management for banking, payments, trading and custody
- Samantha Emery of Lloyds Banking Group elected Deputy Chair, bringing extensive background in innovation, payments, and risk management from over 15 years in industry and regulatory roles
Brussels, 30 March 2023 — The Swift Board of Directors today announced new leadership, with the election of J.P. Morgan’s Graeme Munro as non-Executive Chair and Samantha Emery of Lloyds Banking Group as non-Executive Deputy Chair at its regular meeting this week. Munro is a Swift Board director nominated by the U.S. Swift community, and Emery a Board director nominated by the U.K. Swift community. The appointments complete a transition initiated by the retirement of the previous Board Chair in December.
Munro brings extensive experience in technology, operations and risk management across payments, securities, FX and trade finance developed over a 30-year career at J. P. Morgan. Currently, he serves as Managing Director and Chief Controls Manager for its Corporate & Investment Bank, and previously held senior leadership roles in both the bank’s derivatives operations and its payments operations, where he oversaw the execution of over $10 trillion USD in transactions daily. He has contributed to and led industry bodies convened through the U.S. Federal Reserve, Bank of England and Association of Financial Markets in Europe.
Graeme Munro, Swift Board Chair, commented: “It is an honour to be elected to serve as Chair of Swift and together with the Deputy Chair and full Board I look forward to collectively guiding its strategic evolution as a secure, resilient and innovative infrastructure supporting the global financial ecosystem.”
Emery will serve alongside Munro as the Swift Board’s Deputy Chair. Currently Director of Payments Industry and Development at Lloyds Banking Group, she has vast experience leading payment strategy and digital innovation. As well as strategy, her current role oversees industry engagement, settlement and scheme management. She is a respected change agent who also has deep expertise in regulatory frameworks, corporate governance and risk management, having previously led payments supervision and fintech strategy portfolios at the UK’s Financial Conduct Authority. Emery is a prominent industry thought leader in the U.K. market and a strong advocate for diversity, equity and inclusion across the financial industry.
Samantha Emery, Swift Board Deputy Chair, commented: “I am honoured to take on this leadership position to help the cooperative and our community maintain strong momentum as we transform the capabilities of the industry.”
Javier Pérez-Tasso, Swift CEO, commented: “Following the Board’s selection process and on behalf of Swift’s management team, I congratulate both Graeme and Samantha on their new appointments and look forward to working with them in their new capacities.”
Munro and Emery were appointed at the Swift Board Meeting on 29th March with immediate effect.
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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.