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SWIFT opens office in Miami as part of its growth strategy for Latin America

SWIFT opens office in Miami as part of its growth strategy for Latin America

Company Information,
2 June 2015

SWIFT solidifies its operations in the region.

New York, 2 June 2015 – SWIFT announces the opening of its new Latin American regional headquarters office in Miami, Florida to support the growth of the company’s operations in the region. In the last few years, Miami has become a financial hub with the largest concentration of domestic and international banks on the East Coast south of New York, much of which are regional headquarters for their Latin American operations.

SWIFT is strengthening its presence in Latin America in response to the sustained growth and development of the region’s economy and to help the industry respond to developments related to financial reform, such as regulatory compliance. The use of SWIFT in Latin America is growing notably, with financial messaging increasing by 11% in 2014, and similar growth expected for 2015.

Jairo Namur, Regional Manager, Latin America at SWIFT will head the Miami office. Jairo joined SWIFT in 2009 and since then he has been responsible for devising and executing SWIFT’s strategy in the region, including the operations in local markets such as Brazil, Mexico and Colombia.

Chris Church, Chief Executive, Americas and Global Head of Securities, SWIFT says: "The opening of the new office is a significant milestone for our Latin American business. We are now better positioned to meet the growing needs of our customers and the industry. Latin America is an important region for us and our office in Miami further reassures SWIFT‘s confidence in this fast-developing region.”

SWIFT has supported global and regional financial institutions and corporations in Latin America for more than 10 years. The new office will help clients with expanded capabilities and help ensure best practices continue to be shared amongst the local markets.

SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organisations, securities institutions and corporate customers in more than 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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