Swift restructures; appoints new CTO and COO

Swift restructures; appoints new CTO and COO

Banking co-operative Swift has appointed a new chief technology officer and chief operating officer as it re-structures its IT development and operational activities.

The appointment of Craig Young as CTO and Marcel Bronmans as COO follows the retirement of incumbent chief information officer Mike Fish.

Fish announced his intention to retire in June 2014, and will be departing from Swift at the end of January 2015, once the handover and re-organisation have been successfully implemented.

Young joins Swift following a 20-year stint at Verizon Communications in New Jersey, where he spent the past year as SVP and CIO.

Bronmans is a 30-year Swift veteran, with a strong background in IT and who most recently served as chief risk officer. As a former director of technology operations at the Brussels-based co-operative, Bronmans was responsible for network availability and the initial establishment and build of Swift's operating centre in Switzerland, and the Hong Kong Control Centre.

In a statement, Swift says the re-organisation is "designed to bring the company’s IT development and operational activities together in the two new divisions in order to maximise effectiveness and efficiency in these key disciplines".

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