Mr. Michael Formann
|Mr. Michael Formann
Head of SWIFT Germany & Austria
Western and Central Europe
S.W.I.F.T. Austria GmbH
Michael Formann started his career in the financial services industry 1995 at American Express Travel Related Services in Frankfurt in the role of a Project Manager for Travellers Cheques Automation. He was responsible to build up the infrastructure supporting the automated distribution of Travellers Cheques in Germany, Austria and Switzerland, including team responsibility for the related staff. During this time he successfully finished his studies of Economics and holds a Masters Degree equivalent issued by the German Economics Academy (VWA).
In April 2000 he took over new responsibilities as Senior Education Specialist at SWIFT Germany GmbH. He was responsible for planning, sales and execution of SWIFT-related client events, seminars, workshops and trainings. The topics covered were: Payments, Securities, FX- and Money Markets, SWIFT general knowledge as well as SWIFTNet principles.
2005 he was appointed to Regional Account Manager Germany, being responsible for business development and acquisition in the client segments of investment managers, custodian banks and brokerage houses. He had overall responsibility of the funds business in Germany.
In June 2006 he started as Country Manager for Austria. Next to his responsibilities in the area of key account management for UniCredit Bank Austria, Erste Bank and Österreichische Kontrollbank he held overall responsibility for the securities business in AT, CZ, HR, HU, SI and SK.
Under his leadership SWIFT Austria GmbH was created and established in November 2008. Out of Vienna he developed the SWIFT business activities and revenue for 19 countries in the CEE region, managing the related staff in the Vienna and Stockholm office.
In May 2016 he took on board the responsibility for the German market and team and now holds the position of Head of SWIFT Germany & Austria & Central Europe.
His current business focus: positioning of the compliance portfolio in the context of AMLDIV & FTR2, as well as the roll-out of SWIFTgpi (Global Payments Innovation).