The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
ShahÆs appointment also comes as Stephan Zimmermann has been elected deputy chairman and five new board directors have been announced.
Shah ascends to the top job after holding the title of deputy chairman of SWIFT since 1996. He was first voted to the board of directors in 1995.
Outside of his relationship with SWIFT, Shah holds the role of executive vice president, global operations executive, worldwide securities services at JPMorgan in the US. In this role, he is responsible for global operations for worldwide securities services.
For JPMorgan, he has also worked as retail service and operations executive, chief operating officer of the global private bank and general manager of the treasury management services business.
Zimmerman, the new deputy chairman, also currently holds the position of COO, global wealth management & business banking at UBS. He is also a member of the group managing board of UBS.
The ascension of Shah and Zimmerman comes as Kamp ends his six-year tenure as Chairman. During his time at the top, Kamp oversaw the introduction of the new SWIFTNet platform in over 200 countries. During his tenure, SWIFT also saw its message volume jump from 1.3 billion in 2000 to 2.5 billion in 2005.
With the departure of Kamp, SWIFT, the financial industry-owned cooperative that supplies secure, standardised messaging services and interface software, will also welcome five new members to the board.
One of the new board members will be Eli I Sinyak, who is the chief information officer at HSBC in Hong Kong. He replaces YB Yeung, the former chairman of the Hong Kong user group for SWIFT Asia-Pacific Council and chairman of it technology and production committee.
Outside of the region, the other appointments to SWIFTÆs board are Ignace Combes, deputy chief executive officer at Euroclear, Alan Goldstein, managing director, technology risk management and architecture at the Bank of New York, Per-Eric Skotthag, deputy head of global operation services and head of GOD transition office, Nordea Bank and Jeffrey Tessler, president and CEO, Clearstream International.
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Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.