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Swift has appointed ex-Mastercard executive Stephen Grainger to the role of chief executive for the Americas and UK region.

Grainger brings 20 years of banking and payments experience to his new role. He has previously served Swift in various senior development roles between 2015 and 2018. He has also held roles at Goldman Sachs, Bank of America and Citigroup.

Most recently, Grainger served as vice president at Mastercard, where for over four years, he led the development and commercialisation of its global cross-border services business serving banks, digital platforms and non-banking financial institutions.

In his new role at Swift, which he took up on 3 January, Grainger has been tasked with driving the region’s direction and growth, focusing efforts on further developing strategic customer relationships, supporting customers in their work to transform cross-border payments experience for end users and working with security firms to boost efficiency of post-trade processing.

Commenting on Grainger’s appointment, Rosemary Stone, chief business development officer at Swift, says Grainger’s industry experience “makes him ideally qualified to lead our Americas and UK businesses into the next stage of growth, as we continue to deliver our strategic objectives to best serve the Swift community”.

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