Former Swift CEO Lázaro Campos joins stablecoin firm OpenTrade as chair

Stablecoin yield infrastructure platform OpenTrade has appointed former Swift CEO Lázaro Campos as chair of its board of directors.

Campos spent nearly 25 years at Swift where he held numerous positions before serving as CEO for a five-year stint before leaving in 2012 having overseen a strategic and financial transformation, including a 2008 crisis-driven restructuring.

A seasoned, non-executive director, Campos has held board positions at Starling Bank, payments platform Payoneer, and PPRO. He was also previously an independent member of the Bank of England’s RTGS/CHAPS board and a member of Standard Chartered’s board financial crime risk committee.

He joins London-based OpenTrade shortly after the firm secured $17 million in strategic funding to back its work helping fintechs and digital asset platforms offer dollar- and euro-denominated yield backed by real-world assets.

“I’ve spent most of my career on the infrastructure the world uses to move money. Stablecoins are the next chapter, and yield is what makes them useful to businesses and the people they serve. OpenTrade has built the infrastructure this market needs,” says Campos.

David Sutter, CEO, OpenTrade, adds: “Stablecoins are becoming one of the rails global finance runs on, and the businesses building on them expect the same resilience and trust they get from the traditional system.

“Lázaro spent his career setting that standard. He ran infrastructure the world’s banks depend on every day, and having him as Chair as we scale says a lot about what this team has built.”

Source: https://www.finextra.com/newsarticle/48669/former-swift-ceo-lzaro-campos-joins-stablecoin-firm-opentrade-as-chair