ABA and BAFT Announce Split

The American Bankers Association (ABA) and The Bankers Association for Finance and Trade (BAFT), a prominent global association for international transaction banking, have jointly announced plans to separate in the latter half of 2025.

Since their affiliation began in 2002, BAFT’s international presence has significantly expanded, with over 70% of its member banks now headquartered outside the United States. This growth has prompted a strategic realignment to better serve its diverse membership.

Rob Nichols, ABA President and CEO, acknowledged BAFT’s valuable partnership over the years and expressed intentions to continue collaborating on shared policy priorities post-separation. BAFT President and CEO, Tod Burwell, emphasized that independence will enhance the organization’s ability to meet the needs of its global members. Suresh Subramanian, Chair of BAFT’s Board, noted that this move will enable BAFT to more accurately reflect the international scope of its membership.

Both organizations have committed to ensuring a seamless transition and will provide ongoing updates as the separation process advances.