Swift appoints former Mastercard VP to lead Americas and UK operations

Global payment operator Swift has appointed Stephen Grainger to lead its operations within the UK and American jurisdictions. 

The former Mastercard Executive Vice-President has already worked in senior business development roles at Swift, which he undertook between June 2015 to September 2018,according to a news release.

Within his new role at Swift, Grainger will be tasked to scale growth in both his presiding jurisdictions, aiming to “drive the region’s overarching direction”. Grainger will also look to develop strategic customer relationships among a host of other responsibilities.

The news release also states that Grainger will help customers “transform the cross-border payment experience for their end clients, and work with securities players to improve the efficiency of post-trade processing”. 

During his time at Mastercard, Grainger helped build and develop the card network’s cross-border services. The new Swift hire also held roles at Goldman Sachs and the Bank of America

Grainger’s hire comes during a recent board reshuffling as the operator’s Chair of Board, Yawar Shah, recently announced his retirement after 16 years. 

Deputy Chair of Board Mark Buitenhek will oversee the former’s duties as the board continues to deliberate over a new leader, which Swift stated will be in the “coming months”.