Financial messaging service SWIFT has appointed Cheri F. McGuire as chief technology officer (CTO).
SWIFT says McGuire is an established thought leader and industry advisor on cyber risk management and resilience.
McGuire has extensive technology and banking industry experience and will oversee the co-operative’s core infrastructure to ensure it remains strong, resilient and secure.
Additionally, McGuire will serve on SWIFT’s executive committee, reporting directly to CEO Javier Pérez-Tasso.
Most recently, McGuire was group chief information security officer (CISO) at Standard Chartered.
During her time as CISO at Standard Chartered from 2016-2019, McGuire established a new global cyber risk management function across 60 countries and 85,000 employees.
Prior to this, she led cybersecurity policy and programmes at Microsoft and security vendor Symantec. McGuire was also director of the National Cybersecurity Division and US Computer Emergency Readiness Team (US CERT) within the US Department of Homeland Security.
Pérez-Tasso, comments: “I was immediately impressed both by Cheri McGuire’s extensive knowledge in the cyber domain but also her experience and strategic understanding of technology transformation taking place within the financial services industry.”
“I am confident in her leadership capabilities to drive our own technology platform transformation as we continue to execute on our strategy, while also ensuring high levels of trust within the community on operational excellence, business continuity and risk and control.”
McGuire adds: “I am excited to join SWIFT at such a pivotal time as it is re-tooling cross-border infrastructure and fundamentally transforming payments and securities.”
“I look forward to working with Javier Pérez-Tasso, the rest of the SWIFT team and SWIFT’s member institutions, as we help to drive the future of cross-border financial transaction management.”
McGuire joins as SWIFT undertakes an ambitious transformation as part of its strategy to enable instant and frictionless transactions across its global network of more than 11,000 institutions and 4 billion accounts in 200 countries.
This comes as SWIFT has recently launched SWIFT Go, a new solution that enables businesses and consumers to send highly secure and low-value cross-border payments anywhere in the world, direct from their bank accounts.
