SWIFT Taps David Lefferts as Managing Director – Americas

SWIFT, a global provider of financial messaging services, has appointed David Lefferts as Managing Director, Market Initiative for the Americas, following more than two decades of experience in the industry, according to a SWIFT statement.

In his new role as the managing director, marketing initiatives – Americas, Mr. Lefferts will be reporting to Chris Church, SWIFT’s Chief Executive, Americas and Global Head of Securities. He will be tasked with overseeing SWIFT’s product suite and services given regulatory changes currently unfolding in the financial services industry.

He joins SWIFT from Markit, having served as a member of its executive team in a number of roles over the past eight years. Prior to Markit, Mr. Lefferts worked as the Vice President for Fixed Income Strategy at FINRA.

According to Mr. Church in a recent statement on the appointment, “David will be a tremendous asset to our team, bringing a deep understanding of our customers and our community. I look forward to working closely with David as we define and execute our overall go-to-market strategy for the Americas region.”

“This is an exciting time to join the firm, as the industry is increasingly looking to SWIFT to solve common industry challenges, for example, related to compliance, and how to respond to the changing Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term landscape. I look forward to utilizing my breadth of experience across the capital markets and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term to contribute to the many important initiatives SWIFT is undertaking to address the needs of its user community,” added Mr. Lefferts in an accompanying statement.