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NPCI Chief Dilip Asbe Joins Swift’s New Supervisory Board
Dilip Asbe, who leads India’s National Payments Corporation, has joined Swift’s new supervisory board.
Swift is a cooperative that helps financial institutions send secure messages about cross-border payments.
It connects more than 12,500 institutions in over 200 countries and territories, but it does not hold money or manage customer accounts.
Swift has changed from one board to a new system with a supervisory board and a management board.
A 25-member Swift Council will also support the new system.
The supervisory board will help guide Swift’s strategy and oversee management, risks and controls.
Its members include bank executives and independent directors.
Swift is also working on new technologies and faster payment services.
Dilip Asbe, managing director and CEO of NPCI, was appointed an independent director on Swift’s 15-member supervisory board.
Swift’s new two-tier governance structure replaces its single board with supervisory and management boards, supported by a 25-member Swift Council.
Shareholders approved the governance changes at Swift’s annual general meeting in June 2026; the supervisory board held its first meeting on 6 October.
The board includes executives from major banks, alongside an independent chair and four independent directors.
Swift is developing work on tokenised-asset ledgers, faster cross-border transactions, artificial intelligence, post-quantum computing and cybersecurity.
- Who
- Dilip Asbe, managing director and chief executive of the National Payments Corporation of India, and the newly appointed Swift supervisory board members.
- What
- Asbe was appointed an independent director on Swift’s 15-member supervisory board as the organization adopted a two-tier governance structure.
- Where
- Swift’s global financial messaging network; the articles do not specify a meeting location.
- When
- The board’s first meeting was held on 6 October; shareholders approved the governance changes in June 2026.
- Why
- The new board is responsible for strategic oversight, including approving strategy and overseeing management, risk and controls.
Previous Governance
New Governance
Board structure
Previous Governance
Swift previously had a single board of directors. Its 2024 board had 25 members drawn from banks and financial-market infrastructure institutions.
New Governance
The replacement structure has a 15-member supervisory board and a management board, supported by a 25-member Swift Council.
Board membership
Previous Governance
The 2024 board included Samantha Emery of Lloyds Banking Group, Marc De Rycke of Euroclear and Ole Matthiessen of Deutsche Bank.
New Governance
Those three are not on the new supervisory board; some former directors, including Graeme Munro, Arthur Ambrose and Noritoshi Murakami, have moved into the new structure.
Key facts
- Appointee
- Dilip Asbe, NPCI managing director and chief executive
- Swift supervisory board
- 15 members: an independent chair, four independent directors and 10 shareholder-affiliated directors
- Supporting body
- A 25-member Swift Council
- Approval
- Shareholders approved the governance changes at the annual general meeting in June 2026
- First board meeting
- 6 October
- Swift network reach
- More than 12,500 institutions across more than 200 countries and territories
- Swift’s role
- Provides secure messaging and standards for financial institutions; it does not hold funds or manage customer accounts
Sources
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