29 September 2016
Find out more

Campos quits Swift

21 May 2012  |  7686 views  |  1 Lazaro Campos

Lazaro Campos is to step down as chief executive officer of interbank messaging network Swift after five years at the helm, making way for former McKinsey man and current head of marketing Gottfried Leibbrandt.

Campos, a 25-year veteran of the interbank co-operative, achieved a career-defining ambition when he took over the reins from former CEO Lenny Schrank in 2007.

His departure comes mid-way through a five-year business plan that is designed to give the company additional flexibility in pursuing more commercially and client focused activities. Swift's 2015 strategy was set in motion in 2010, following a rationalisation programme under the watchful eye of McKinsey consultants aimed at reducing costs by 50%.

In a statement, Campos says: "Swift is an extraordinary company with great people and I have enjoyed my years here immensely. I am proud of what Swift means to the industry and what we have achieved during my tenure as CEO. But after 25 years with one organisation, it is the right time for me to move on and make an impact elsewhere."

Swift says Campos informed the board of his decision in March, allowing ample time for the company to conduct an orderly succession process.

The board has nominated Dutchman Gottfried Leibbrandt, currently head of marketing, to replace Campos as CEO effective 1 July. Prior to joining Swift in 2005, Leibbrandt was a partner at McKinsey & Company.

Swift Chairman Yawar Shah, says: "Gottfried Leibbrandt has been part of the Swift executive team for five years and he is very well qualified to take over the baton."
KeywordsPEOPLE

Comments: (1)

A Finextra member
A Finextra member | 21 May, 2012, 18:06

All in all he did a decent job. SWIFT is a far better organisation today than when he took over. Well done good job good luck in the future

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift faces lock-out from LEI roll-out

Swift faces lock-out from LEI roll-out

04 May 2012  |  8277 views  |  1 comments
In 'unprecedented' step, Swift cuts off Iranian banks

In 'unprecedented' step, Swift cuts off Iranian banks

15 March 2012  |  10905 views  |  8 comments
EU citizens betrayed by Swift data deal - MEPs

EU citizens betrayed by Swift data deal - MEPs

17 March 2011  |  9443 views  |  0 comments
Acquisition marks major shift for Swift

Acquisition marks major shift for Swift

28 October 2010  |  13491 views  |  0 comments
Swift preps major network upgrade

Swift preps major network upgrade

27 October 2010  |  7260 views  |  0 comments
Acquisitions are now part of Swift's 2015 'toolkit'

Acquisitions are now part of Swift's 2015 'toolkit'

17 August 2010  |  10742 views  |  0 comments
Swift puts the squeeze on Sibos-goers with steep price hikes for 2010

Swift puts the squeeze on Sibos-goers with steep price hikes for 2010

15 December 2009  |  10580 views  |  4 comments
Swift hits back at job loss claims

Swift hits back at job loss claims

22 September 2009  |  7731 views  |  1 comments
Staff cuts "inevitable" as Swift contends with declining volumes

Staff cuts "inevitable" as Swift contends with declining volumes

14 September 2009  |  9762 views  |  0 comments
Campos to succeed Schrank as Swift CEO

Campos to succeed Schrank as Swift CEO

19 February 2007  |  5770 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.smartstream-stp.comFind out more

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
14306 views comments | 55 tweets | 48 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8972 views comments | 33 tweets | 18 linkedin
Banks clubbing together to tackle KYCBanks clubbing together to tackle KYC
8296 views comments | 3 tweets | 9 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7312 views comments | 14 tweets | 30 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
7284 views comments | 33 tweets | 15 linkedin

Featured job

Find your next job