In other news, Wellington Management embraces FINOS, Westpac is hiring, and Sustainable Trading adds 11 members.
PPRO Appoints Campos as Independent Chairman
Lázaro Campos
Former SWIFT CEO Lázaro Campos was appointed the first independent board chairman for PPRO on April 25, according to the provider of digital payments infrastructure technology. SWIFT provides global financial messaging software, services, and systems.
Campos was appointed to the board “to strengthen … governance in the next phase of the company’s growth trajectory,” according to PPRO.
Campos replaces Tim van Delden, representative and managing partner at HPE Growth, a PPRO shareholder. Van Delden has served as chairman of the board through “the last stage of PPRO’s rise,” officials say. Van Delden is now serving as vice chairman of the board.
Campos is “a payments infrastructure expert,” from his “nearly 25 years at SWIFT … where he held numerous positions before serving as CEO. His experience of leading and guiding large organizations will be invaluable to PPRO as the company scales up,” according to PPRO officials. Campos also holds board positions at Starling Bank and serves as an independent member of the Bank of England’s RTGS/CHAPS board. He is also chairman of open banking platform DirectID.
“Adding an Independent Chairman demonstrates that PPRO is serious about good governance and best practices, and I am excited to be contributing to the growth of such a pioneer in the digital payments infrastructure space,” Campos says in a prepared statement.
Wellington Management Joins FINOS
Madeleine Dassule
The Fintech Open Source Foundation (FINOS) reports that Wellington Management has become its newest member. In addition, Madeleine Dassule, Wellington’s co-head for technology, joins the FINOS board of directors.
“On an industry-wide scale, we are seeing an increased diversity of organizations joining the open source movement and playing an instrumental role in driving innovation throughout the ecosystem,” Gabriele Columbro, executive director of FINOS, says in a prepared statement.
“The engagement and open collaboration of buy-side firms and adoption of FINOS’ open standards drives fundamental technology principles, enhancing interoperability across the industry. The impact of transformation through open source continues to be measured by the global recognition of value among leading institutions.”
FINOS is a nonprofit “whose mission is to foster the adoption of open source, open standards, and collaborative software development practices in financial services. It is the center for open source developers and the financial services industry to build new technology projects that have a lasting impact on business operations. As a regulatory compliant platform, the foundation enables developers from these competing organizations to collaborate on projects with a strong propensity for mutualization. It has enabled codebase contributions from both the buy- and sell-side firms and counts over 50 major financial institutions, fintechs, and technology consultancies as part of its membership,” per the statement. — L.Ch
Westpac in Australia to Hire 200 for Gold Coast Hub
Westpac in Australia today reports the opening of a new technology engineering hub on the Gold Coast, “which will create up to 200 additional jobs in the state over the next few years.”
The Gold Coast, Google tells us, is a “coastal city in the state of Queensland, Australia, approximately 66 kilometers south-southeast of the center of the state capital Brisbane and immediately north of the border with New South Wales.”
And Chris de Bruin, Westpac’s chief executive for consumer and business banking, says that the Gold Coast is a “globally connected city with one of the fastest-growing economies in Australia, which also offers great lifestyle benefits for people seeking a sea change.”
Westpac plans to “expand its technology, engineering, and training capabilities, as the bank ramps up its broader digitization agenda,” per the statement, which also notes that Westpac is “working with local universities and has developed a specialized graduate program to attract new and emerging talent.”
To apply for a current vacancy, visit the Westpac website. And pack your surfboard. — L.Ch
Sustainable Trading Adds 11 to Its ESG Network
Sustainable Trading, a non-profit that characterizes itself as “dedicated to transforming environmental, social and governance (ESG) practices in the trading industry, has added “an additional 11 financial services organizations into its membership network,” according to a statement.
The new members are Capital Group, Cboe Europe, Citi, Cowen, Fidelity International, Fidelity Management & Research Company, Goldman Sachs Asset Management, Goodbody, Northern Trust, Verne Global, and Wellington Management, the non-profit says, adding that the additions bring the membership total to 41 financial services organizations.
Sustainable Trading also will “oversee a benchmarking and transparency framework to enable clear and efficient communication of progress on best practice, facilitating an ethos of continuous ESG improvement, the organization’s statement declares, adding that membership in the organization is “open to all financial market participants engaged in trading activity or providing trading-related services.”
Sustainable Trading was launched in February 2022. — L.Ch
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