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SWIFT Expands Presence in Asia Pacific

The organization will create two new corporate hubs in Hong Kong and Kuala Lumpur.

Financial messaging provider SWIFT today announced it will create a new Asia Pacific corporate hub in two locations - Kuala Lumpur and Singapore. In Kuala Lumpur, SWIFT said it is creating a new corporate services center, complementing similar SWIFT centers in the U.S. and Europe. It will focus on services such as IT development, qualification testing, support, finance, human resources and operational functions. The new center is expected to employ 100 staff by 2015. In Singapore, where SWIFT already has a presence, the organization will increase its existing global marketing presence over the next three years. Separately, there will be new hires for commercial functions in Singapore and elsewhere in the region to support regional growth, the group said.

SWIFT has been in the Asia Pacific region for more than 30 years, starting in Hong Kong and Singapore. This year, Australia and New Zealand will celebrate their 30th anniversaries on SWIFT, and India marked 20 years on SWIFT in 2011.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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