Acknowledgements Members of the Working Group The project team would also like to acknowledge the following executives of global FIs who helped define the project framework and shape strategic analyses as its Working Group: Tom Brown Victor Matarranz Bob Reany Partner, Senior Executive Vice-President, Strategy, and Senior Vice-President and Group Head, Paul Hastings Executive Chairman’s Office, Santander Identity Solutions, MasterCard Christof Edel Neil Mumm Peter Rutland Global Head, Strategy and Business Vice-President, Corporate Strategy, Partner, Global Co-Head of Financial Services, Development, Financial, Thomson Reuters Visa CVC Capital Partners Rob Galaski (Project Advisor) Max Neukirchen Nicolas de Skowronski Head of Financial Services, Managing Director and Head, Strategy, Chief of Staff, Deloitte Canada JP Morgan Chase Bank Julius Baer Dorothy Hillenius Christine O’Connell HuwVan Steenis Director, Corporate Strategy, Global Head of Strategy, Risk, Managing Director and Head, Financial ING Thomson Reuters Services Research, Morgan Stanley Marc Lien Robert Palatnick Colin Teichholtz Director, Innovation and Digital Development, Managing Director and Chief Technology Partner and Portfolio Manager, Lloyds Banking Group Architect, DTCC Pine River Capital Management Matthew Levin Kosta Peric FabienVandenreydt Executive Vice-President and Head, Global DeputyDirector, Financial Services for the Global Head, Securities Markets, Innotribe & Strategy, Aon Corporation Poor, Bill & Melinda Gates Foundation the SWIFT Institute, SWIFT Lena Mass-Cresnik, PhD Justin Pinkham Head, Innovation, Strategic Product Senior Business Leader, Strategic Initiatives, Management, BlackRock MasterCard WORLD ECONOMIC FORUM | 2016 7