Swift, the interbank network for financial messaging services, announced on Tuesday the appointment of Stephen Grainger as the Chief Executive for the Americas and UK Region. It is his second tenure at the company, as he previously worked with the organization and left in mid-2018.

Stephen Grainger Joins Swift

Grainger has already joined the global financial services firms-owned cooperative and is responsible for driving overarching direction and growth in the region. In addition, he will focus on developing strategic customer relationships and work with securities players to make post-trade processing efficient.

“I am delighted to be returning to Swift at this particularly exciting stage in the organization’s development. I greatly look forward to supporting the business as it works to transform cross-border payments Cross-Border Payments Cross-border payments refer to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.The concept of cross-border payment is not new however, despite its rise in importance in the 21st century.New technology and the growth of blockchain has brought the term cross-border payment into our daily conversations.Cross-border payments are an essential term that refers to any transaction involving private individuals’ companies, bank Cross-border payments refer to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.The concept of cross-border payment is not new however, despite its rise in importance in the 21st century.New technology and the growth of blockchain has brought the term cross-border payment into our daily conversations.Cross-border payments are an essential term that refers to any transaction involving private individuals’ companies, bank Read this Term and securities processing for the benefit of the financial industry,” Grainger said.

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Swift Hires a Financial Industry Expert

Grainger is a financial services industry veteran with more than two decades of experience. His latest appointment at Swift is from Mastercard, where he was the Executive Vice President for four years and seven months and headed the firm’s cross-border services.

Before that, he worked at the company for almost three years. Then, he joined the organization as the Head of Banking for 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 Vendors in the UK. Later, he became a Manager Director, first for Market Infrastructure and Experts in the Americas & UK and then the Head of North America.

According to his Linkedin profile, he started his career at Euroclear in 2000 and moved to Citi and then Merrill Lynch. Moreover, he worked at Goldman Sachs for more than five years, first as the Global Head of Banking Relations and then Global Head of Market Infrastructure.

“Stephen’s industry experience makes him ideally qualified to lead our Americas and UK businesses into the next stage of growth, as we continue to deliver our strategic objectives to best serve the Swift community,” said Rosemary Stone, the Chief Business Development Officer at Swift.