LinkedIn Live - Securities 03: Navigating T+1: Impact on Asia-Pacific and Australian markets | Swift

With North America’s transition to T+1 securities settlement just days away, institutions around the world are prepping for the impact. Automation and transparency are essential to ensure smooth settlement and avoid fails in a world with shorter settlement cycles. And this is particularly true for firms in Asia-Pacific, Australia and New Zealand, where significant time zone differences mean operational teams have very little time to detect and correct any issues before the cut off time.
Watch our video to hear leading experts look at the impact of T+1 in this region, and the latest updates on timelines, models, and requirements to align with the T+1 movement. Swift’s Securities Director, Chermaine Lee joined by David Travers, CEO of the Australian Custodial Services Association (ACSA) and Karen Webb, Head of Issuer Services at ASX.
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HOST:
Bio: Chermaine Lee - Director, Securities Go-To-Market, Swift.
Chemaine is currently based in the Sydney office and has over 17 years of experience in securities market strategy and business development. She is responsible for the go-to-market strategy for securities market infrastructures globally at Swift. She is also in charge of leading regional capital markets initiatives in Oceania, China, HK and India. Her previous roles include Commercial Director, Oceania at Swift and overseeing business development in APAC for Celent, part of Oliver Wyman.
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GUEST SPEAKERS:
Bio: David Travers - CEO - Australian Custodial Services Association (ACSA)
David is well known to the industry and brings over 25 years’ experience in the custody and investment administration industry across a variety of senior roles and has a deep knowledge of the industry and its role within financial services in Australia which can be leveraged by the association. David has previously been an active director on the ACSA Board holding officer positions of Chair, Vice Chair and Treasurer and therefore brings a great deal of knowledge and experience about the associations foundation and industry benefit, including the opportunities and challenges we face on delivering on our mission.
As a leader and with direct experience in client engagement, business development and strategic execution. David has experience managing a variety of stakeholders including industry participants, clients, regulators, and other financial services associations. David has led the digital transformation of the Australian business of a global technology enabled bank and set up a RegTech business leveraging new technologies which will be valuable experience as ACSA engages with ongoing changes in technology and data evolution in financial services.
David is a member of the ASX Cash Equities Advisory Committee.
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Bio: Karen Webb - Head of Issuer Services, Securities & Payments, ASX
Karen has held a range of positions at ASX since joining the organisation in 2000, working in the Listings, Market Data, and Operations teams, including responsibility for the operational oversight of the listings, announcement and corporate action functions. More recently Karen has held various positions in the Securities & Payments division, covering Equity Post Trade and Issuer Services. Karen has worked on key customer focused initiatives including Corporate Actions STP, the implementation of T+2 settlement, CHESS Replacement (focused on ISO 20022 stream), and the introduction of a new Issuer Services fee model.
Karen is currently engaged on Australian considerations for T+1 settlement, and the feasibility of an Australian Carbon Exchange to trade ACCUs.
Karen’s experience in financial markets has covered equity and corporate debt. Prior to joining ASX Karen held positions with Warburg Dillon Read and UBS Australia Limited with capabilities including corporate and institutional lending, credit risk management, corporate and agency loan portfolio management.
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LinkedIn Live page: / 7194284168451637248
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