SWIFT CEO steps down after quarter of century

Lázaro Campos is stepping down as chief executive of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) after 25 years with the company.

He was CEO for the last five years, during which time the company doubled its volumes, cut costs by 30% and prices by 50%.

Campos (pictured), 49, advised the board of his decision in March. He will remain in place until 30 June as income CEO Gottfried Liebbrandt, current head of marketing, adjusts to his new role officially starting 1 July.

SWIFT is member owned and provides a communications platform servicing more than 10,000 financial institutions and companies in 210 countries. Its platform enables standardised exchange of financial information.

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