24 January 2018
visit www.ebaday.com

Swift names ex-Citibanker Donovan as securities head

07 July 2005  |  30582 views  |  0 James Donovan, Swift

Financial messaging network Swift has named former Citigroup executive James Donovan as head of its securities industry division, succeeding Francis Remacle who is retiring later this year.

Donovan joins Swift's New York office on 1 August 2005 and will assume executive responsibilities from Remacle following a two-month transition period.

The appointment is a key position for Swift as the bank-backed payments network bids to extend its reach into the securities markets. Swift's securities industry division now accounts for more than one-third of the co-operative's annual message traffic and continues to be its fastest growing sector.

Donovan's appointment follows a 17-year tenure at Citigroup where he held responsibility for marketing and sales, strategic planning and business development for the worldwide securities services division. He was also COO of global clearing services and managing director of the American Depositary Receipt business. In his most recent Citigroup assignment, Donovan was based in London and was managing director/regional business executive-EMEA and Japan for its global securities services division. He left the bank earlier this year following a restructuring.

In his new role, Donovan will be a key contributor to Swift's 2010 securities market strategy and will be expected to identify opportunities to extend new IP-based network services such as SwiftNet Funds and SwiftNet FIX across the securities industry.

Swift CEO Leonard Schrank says of the appointment: "Under Jim, we expect to accelerate our securities business and the delivery of customer benefits to this important market."

Comments: (0)

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 woos users with price cuts

Swift woos users with price cuts

09 June 2005  |  5572 views  |  0 comments
BT Infonet reduces Swift access costs with ISP local loop service

BT Infonet reduces Swift access costs with ISP local loop service

07 June 2005  |  4460 views  |  0 comments
GlobeTax launches Swift Service Bureau for automating tax reclaims

GlobeTax launches Swift Service Bureau for automating tax reclaims

23 May 2005  |  4819 views  |  0 comments
RBC Financial uses SwiftNet FileAct for nostro data delivery

RBC Financial uses SwiftNet FileAct for nostro data delivery

15 April 2005  |  7286 views  |  0 comments
FMC clears network access to Swift

FMC clears network access to Swift

15 April 2005  |  5128 views  |  0 comments
Singapore Exchange to distribute corporate actions via Swift

Singapore Exchange to distribute corporate actions via Swift

08 April 2005  |  6499 views  |  0 comments
Savvis recruits former SwiftNet FIX head Matt Fox

Savvis recruits former SwiftNet FIX head Matt Fox

09 March 2005  |  5055 views  |  0 comments
SwiftNet participants looking for return on investment

SwiftNet participants looking for return on investment

24 February 2005  |  4981 views  |  0 comments
Skandia moves to BBH Infomediary for cross-border funds automation

Skandia moves to BBH Infomediary for cross-border funds automation

03 February 2005  |  5223 views  |  0 comments
Swift proposes common clearing protocol

Swift proposes common clearing protocol

05 January 2005  |  9497 views  |  0 comments
Swift's bid for securities hindered by structural barriers

Swift's bid for securities hindered by structural barriers

13 October 2004  |  5069 views  |  0 comments
Tokyo Stock Exchange to distribute corporate actions data over SwiftNet

Tokyo Stock Exchange to distribute corporate actions data over SwiftNet

12 October 2004  |  9796 views  |  0 comments
Swift goes live with SwiftNet Funds service, signs new fund managers

Swift goes live with SwiftNet Funds service, signs new fund managers

12 October 2004  |  6613 views  |  0 comments
Swift rebates EUR33 million as Miller cuts up rough on costs

Swift rebates EUR33 million as Miller cuts up rough on costs

11 October 2004  |  4456 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9822 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9510 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8546 views comments | 17 tweets | 11 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7056 views comments | 6 tweets | 9 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7044 views comments | 13 tweets | 25 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job