The leading knowledge platform for the financial technology industry
The leading 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

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.

Related content

WEBINAR

Recorded Webinar: Best practice approaches for corporate actions automation

Demand for timely and accurate corporate actions data is growing as volumes and complexity rise, and financial institutions acknowledge the increasingly costly gap between accurate corporate actions processing in real, or near-real, time and faulty processing caused by poor data and resulting in missed opportunities to optimise revenue. While many firms currently process parts of...

BLOG

SIX Survey Shows Shortfall in Automated Corporate Actions Processing

Corporate actions continue to be processed manually despite the need for automation to meet industry demand for near real-time delivery of the data, reduced operating costs and improved regulatory compliance. A survey by SIX – its second annual survey on corporate actions that was carried out between March and May 2021 among global asset managers,...

EVENT

Data Management Summit USA Virtual (Redirected)

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Fourth Edition

Welcome to the fourth edition of A-Team Group’s Entity Data Management Handbook sponsored by entity data specialist Bureau van Dijk, a Moody’s Analytics company. As entity data takes a central role in business strategies dedicated to making the customer experience markedly better, this handbook delves into the detail of everything you need to do to...