Appointment to further strengthen leadership following the go live of the SWIFT India domestic financial messaging platform
Mumbai, May 30, 2016 – SWIFT India Domestic Services (“SWIFT India”) announces the appointment of Mr. Kiran Shetty as its Chief Executive Officer. The appointment, effective immediately, will see Mr. Shetty head up SWIFT India’s operations and business lines.
SWIFT India is a joint venture of top Indian public and private banks and SWIFT S.C.R.L, created to deliver high quality domestic financial messaging services to the Indian financial community. SWIFT India’s services went live with traffic in March 2016.
Mr Shetty joins SWIFT India after more than 20 years in the financial services industry, with top Fortune 500 US companies. Prior to joining SWIFT, he was managing Director & Regional Vice President, India & South Asia for Western Union, where he was part of the top 100 Global leaders group. He has been recognised with the prestigious National Award for E-Governance (driving financial inclusion), by Government of India in 2016.
“We are delighted to welcome Kiran Shetty as the new Chief Executive Officer of SWIFT India. He brings with him substantial experience in the Indian financial sector and I look forward to working with him to build on the existing strong foundations for growth”.
“SWIFT India has been achieving great milestones with a number of major banks and corporates being live on the network and there is much more we can do to help India fulfil our dream of complete digitisation. I look forward to lead SWIFT India in these next steps as we work collaboratively with our SWIFT members, with other market participants and market infrastructures.”
SWIFT India Domestic Services Pvt Ltd (“SWIFT India”) is a joint venture created by SWIFT SCRL (Society for Worldwide Interbank Financial Telecommunication), the global banking cooperative, and (in alphabetical order) Axis Bank, Bank of Baroda, Bank of India, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, State Bank of India and Union Bank of India, to address domestic market needs of the Indian financial services industry. Based on proven SWIFT technology, the company provides messaging services to domestic market infrastructures, banks and corporates, enabling the financial community to exchange automated, standardised financial information securely and reliably, thereby reducing costs and risks, improving compliance and services to its customers.
SWIFT India’s mission is to support the community in the next wave of banking industry transformation. SWIFT has been operating in Asia Pacific for over 30 years, starting in Hong Kong and Singapore. Since 2005, SWIFT has opened three additional sales and support offices in Asia, bringing the total number of offices to nine across the region. This includes a Control Centre in Hong Kong and a new corporate services hub that opened in Kuala Lumpur in 2013.