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Ruben Galindo, director, sales services for Mexico, Swift
Financial messaging and services cooperative Swift has opened a new office in Mexico City, which will be headed by Ruben Galindo, director, sales services for Mexico, who will report to Jairo Namur, regional manager, Latin America. Galindo was previously regional product head for Latin America at HSBC.
The Mexico City expansion is in response to the “sustained growth and development of Mexico’s economy and to help the industry respond to developments related to financial reform, such as regulatory compliance,” according to a statement from Swift.
SWIFT use in Mexico grew by 15 percent in 2013, with “similar growth expected for 2014,” according to the statement.
“The efforts made by SWIFT in recent years to standardize the messages related to the operation of securities settlement systems worldwide have supported the remarkable growth that BMV Group has experienced in cross-border transaction,” Gerardo Gamboa, CEO, Indeval, Mexico’s Central Securities Depository, says in a prepared statement. “Two of its subsidiaries, S.D. Indeval and InterGloval BMV, use SWIFT’s messaging and communication channels to operate worldwide and rely on international standards.”
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