Leonard H. Schrank, CEO, announced on 22 November the appointment of Richard O'Brien as the new Chief Auditor. Mr. O'Brien joins SWIFT from Citigroup, where he headed up the Regulatory and Compliance Global Liaison team for Citigroup's global audit group. He has over 30 years of extensive audit experience.
He previously held senior US-based audit roles with several large European banks. Prior to working with these banks, Mr. O'Brien held earlier positions as an auditor with Citigroup. He has also worked in the US Department of Treasury, where he provided regulatory advice on financial institutions to ministries of finance and central banks in emerging economies.
Mr. O'Brien holds Bachelor of Science, MBA and law degrees. He is admitted as an Attorney at Law to the bars of New Jersey, New York and Washington DC.
In his role as SWIFT's Chief Auditor, Mr. O'Brien will have overall responsibility for all SWIFT's security and financial audit activities. As this position plays such a key role in ensuring compliance, and in accordance with good governance practice, the Chief Auditor reports jointly to Leonard Schrank as CEO and to Martin Read as Chairman of the Audit and Finance Committee of the Board.