The Clearing House snatches new CEO David Watson from Swift
“David will continue TCH’s important work of driving adoption of real-time payments capabilities and focusing on the safety, security, reliability, and efficiency of bank-owned payment systems which are critical to the financial system.”
The Clearing House (TCH) has appointed David Watson, who most recently served as Chief Product Officer of Swift, to the role of Chief Executive Officer to replace outgoing Jim Aramanda, who will be retiring in early 2023, after 15 years leading the company.
His appointment is effective February 1, 2023. David Watson will join TCH from Swift, where, as CPO, he maintained responsibility for Swift’s product engineering, development, and innovation with a focus on the company’s services to banking, securities, market infrastructure, and corporate customers.
Prior to the role of Chief Product Officer, he was the Chief Strategy Officer for Swift, with responsibility for market and competitive intelligence, strategic planning, thought leadership, and execution of strategic initiatives for the company.
His career at Swift followed 17 years at Deutsche Bank, where he served in a variety of commercial and product leadership roles, including Head of Cash Management Americas & Global Head of Digital Products, Global Transaction Banking.
Driving adoption of real-time payments capabilities
Brian Moynihan, Bank of America Chair and Chief Executive Officer and Chair of the TCH Supervisory Board said: “The Clearing House’s Supervisory Board is grateful for Jim Aramanda’s long-standing service to the organization. During Jim’s tenure, TCH continued its critical role in delivering ultra-reliable payments capabilities to the U.S. financial system, but importantly, also introduced innovative new payments capabilities. This includes the RTP® network, which is now delivering real-time payments capabilities.
“We are very pleased to welcome David Watson to lead The Clearing House. David brings extensive payments experience, in-depth expertise in the field, and a strong track record of innovation. David will continue TCH’s important work of driving adoption of real-time payments capabilities and focusing on the safety, security, reliability, and efficiency of bank-owned payment systems which are critical to the financial system.”