About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Northern Trust’s Chapman Appointed as Member and Custodian Representative to SWIFT (UK) Ltd Board of Directors

Subscribe to our newsletter

Northern Trust announces today that Justin Chapman, global head of process management at Northern Trust, has been appointed to represent the securities community on the UK board of the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Chapman, currently the custodian representative appointed to the board of 12 directors, is also the co-chairman of the SWIFT (UK) Ltd Securities Product User Group, established to work with the UK board to advise SWIFT on its securities strategy.

SWIFT (UK) Ltd, which represents the UK community of SWIFT users, aims to support the community by identifying and researching current and emerging issues, lobbying and influencing key stakeholders and setting the UK strategy for SWIFT.

“I am delighted to represent the UK SWIFT securities community on the board of SWIFT UK Ltd,” says Chapman. “There have been calls from across the industry to provide greater transparency, standardisation and straight through processing (STP) for securities transactions throughout the securities processing lifecycle. Being involved in providing guidance and recommendations on these and other challenges and responding to the trends affecting securities processing is vital as the industry continues to evolve.”

Chapman, who joined Northern Trust in 2005, heads up the team responsible for strategic implementation and change management across the core custody operations. Previous industry appointments have included terms as chairman of the Industry Standardisation for Institutional Trade Communication (ISITC) and chairman of the subcommittee Corporate Actions Working Group.

SWIFT is a global provider of secure financial messaging services to over 8000 banking organisations, securities institutions and corporate customers in more than 208 countries. SWIFT enables its customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Potential and pitfalls of large language models and generative AI apps

Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also...

BLOG

S&P Global Dataset Aligns MiFID II and SFDR Sustainability Reporting Requirements

S&P Global launches SFDR Sustainable Investment Framework dataset via Xpressfeed and Snowflake. The dataset enables market participants to align reporting with MiFID II and SFDR requirements when incorporating sustainability considerations into investment decisions. S&P Global Sustainable1, S&P Global’s central source for sustainability intelligence, has released a dataset that enables financial markets participants to better align...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Best Practice Client Onboarding

Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.