Boundless Opportunities

Monday 16th March
Day Two
09:45
Keynote Address
Boosting the efficiency of the financial services sector: The key role of technology and Qatar
Insurance Services as a case in point
Leonard H. Schrank
Former CEO Swift and Board Member of the QIS (Qatar Insurance Service)
Leonard H. Schrank is an international executive, entrepreneur and business leader with 35 year’s experience
in information services based in Boston, London and Brussels. He is currently Chairman and co-founder of Act3
Technologies, LLC, a new company for transforming Internet marketing.
From 1992 – 2007, Mr. Schrank was CEO, SWIFT, the industry-owned co-operative supplying secure, standardised financial
messaging services and interface software to 8,000 financial institutions in 200 countries. In 2007, annual revenues achieved $ 1 Billion
with 2,000 employees world-wide. In 2001, in a full page profile, The Wall Street Journal called SWIFT “one of the dominant franchises
of our network age”.
Mr. Schrank was also President of the American Chamber of Commerce in Belgium from 1998 – 2007. Achievements during his tenure
included lowering of corporate tax rates, renegotiation of the US/Belgian Tax Treaty, and establishment of notional interest deduction
effectively reducing the cost of capital.
Mr. Schrank’s previous career included eight years in London in charge of International for Chase Manhattan Bank’s Interactive Data
Corporation, a global information services company. He joined Chase/IDC in 1977, when it acquired the software company he
co-founded in 1970 with four MIT partners.
Mr. Schrank was a keynote speaker at Sibos and a regular participant at the Davos World Economic Forum and Microsoft’s CEO
Summit. An American, he is an MIT graduate.
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