SWIFT Onboards Cheri Mcguire as Its New Chief Technology Officer

SWIFT announced that it has onboarded Cheri Mcguire as its new Chief Technology Officer, effective from 2 August 2021.

According to an official press release shared with Finance Magnates, Cheri F. Mcguire, a technology and cybersecurity risk and advisory leader with over 30 years of experience in strategy, policy, and operations, has been elected by SWIFT, a market infrastructure firm, to become its new Chief Technology Officer.

McGuire brings extensive experience from the technology and banking industry. She will oversee the co-operative’s core infrastructure to fortify it by ensuring it remains strong, resilient and secure. Further, she is an established thought leader and industry advisor on cyber Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and resilience.

Starting from today, she begins taking on her responsibilities and will serve on the SWIFT’s Executive Committee. Additionally, she will report directly to Javier Pérez-Tasso, the CEO at SWIFT. This appointment arises at a time when SWIFT is undertaking.

Chronicling McGuire’s Vocation

Concurrently, Mcguire fulfils three additional roles. She is a Member of the International Cyber Security Advisory Panel for Monetary Authority of Singapore (MAS); a Member | Board of Directors at the Cybercrime Support Network; and a Non-Resident Scholar | Cyber Policy Initiative at Carnegie Endowment for International Peace.

Earlier to her current roles and before July 2021, She was a member of Advisory Boards for four different organisations. The companies included SecurityScorecard, Garrison, X-Analytics (SSIC) and Tenable. Further, she became a Non-Executive Board Member at Entrust during the same period.

From July 2016 to December 2019, Mcguire simultaneously served as a Non-Executive Director on the Board of the UK Cyber Defence Alliance Limited and as Group Chief Information Security Officer / Managing Director for Standard Chartered Bank.

Prior to working at Standard Chartered Bank, Symantec recruited McGuire as its VP of Global Government Affairs & Cybersecurity Policy and benefitted from the experience for almost six years. Also in Spring 2008, Microsoft utilised her skills as a Director of Critical Infrastructure & Cybersecurity.

Before that, she served as Director of National Cyber Security Division/US-CERT at the US Department of Homeland Security. She also spent five years as an Associate Consultant at Booz Allen Hamilton. Moreover, she spent a little time as a Manager at OSP Consultants, Inc in Sterling Virginia, US. Her earliest know position, Congressional Staffer for the US Congress began in 1970, which she held for seven years.

An Ambitious Transformation

Javier Pérez-Tasso, the SWIFT CEO, commented: “I was immediately impressed both by Cheri’s extensive knowledge in the cyber domain but also her experience and strategic understanding of technology transformation taking place within the financial services industry. I am confident in her leadership capabilities to drive our own technology platform transformation as we continue to execute on our strategy, while also ensuring high levels of trust within the community on operational excellence, business continuity and risk and control.”

McGuire begins in the post today and will serve on SWIFT’s Executive Committee, reporting directly to CEO Javier Pérez-Tasso. She joins as SWIFT undertakes an ambitious transformation, as part of its strategy, to enable instant and frictionless transactions across its global network. This consists of more than 11,000 institutions and 4 billion accounts in 200 countries.

“I am excited to join SWIFT at such a pivotal time as it is re-tooling cross-border infrastructure and fundamentally transforming 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 and securities. I look forward to working with Javier, the rest of the SWIFT team and SWIFT’s member institutions, as we help to drive the future of cross-border financial transaction management,” McGuire said.