[ P E O P L E O N T H E M O V E ]
PEOPLE ON THE MOVE PEOPLE ON THE MOVE
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˜ State Street has named a new global head of its private markets segment , hiring a managing director for global shareholder and fund services from Goldman Sachs . Jesse Cole will be responsible for defining and executing State Street ’ s global strategy for private markets and will work closely with his peers in global sales and the product organisation to manage and grow private markets business across all client segments .
˜ Apex Group has announced the appointment of Krishna Prasad as head of US , based in Apex ’ s New York offices and reporting directly to Georges Archibald , managing director , Americas . In the new role , Prasad will be responsible for supporting the firm ’ s business and client development in the US .
˜ Private capital fund administrator Gen II Fund Services has expanded its management team with several appointments including Steven Millner as its new chief executive officer . Cofounder Steven Alecia has been named president of Gen II , after previously serving as chief client officer . Meanwhile , cofounder Norman Leben will step down as managing principal , continuing to serve as a senior advisor to the firm , a board member and will also help guide the firm ’ s European expansion . Elsewhere , Michael Pollack has been appointed as head of client delivery and innovation .
˜ JonesTrading has appointed two new coheads of prime services to replace current head of the division Robert Sackett , who is departing for Mirae Asset Management . Jorge Hendrickson has been appointed from Opus Fund Services , where he had been the firm ’ s chief revenue officer for almost 10 years . Alongside him , Mark
McGoldrick has been appointed co-head of the division after most recently serving at Cowen , where he had been a director of its outsourced trading and prime services group for almost seven years .
˜ BNP Paribas ( BNPP ) has appointed John Jenkin , formerly of JP Morgan , to the post of head of prime services technology . In his previous role , Jenkin worked as head of prime finance technology at JP Morgan and brings with him over 20 years ’ experience with global business-critical technology .
˜ HSBC has named Chrys Wickremeratne , formerly of BNP Paribas Securities Services , as head of fund services for Australia and New Zealand .
˜ Digital asset platform Copper has hired a group of prime brokerage specialists from Bank of America Merrill Lynch ( BAML ) to fuel its rapid growth . Leading the unit will be Michael Roberts , formerly managing director and EMEA head of BAML ’ s prime platform . He will be joined by Ben Carr and Ross Budgen who add expertise in product development , account management and analytics . Together , they have more than 45 years ’ experience in prime services . The other additions are account management specialist Adam Groom and Paul Barham , who worked in platform management at BAML .
˜ Fund administrator IQ-EQ has appointed Frédérik Benoit to the newly created role of global head of transformation , as the company commits to setting strategic growth plans during 2022 and beyond .
˜ Mitsubishi UFJ Financial Group ’ s global asset servicing arm MUFG Investor Services has launched its business
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˜ xx consulting group , which will provide intel and solutions to financial clients globally . Brian Yegidis , former head of prime services hedge fund consulting for the Americas at Credit Suisse , will lead the group . In addition , Caley Watnik , former associate in prime consulting at Credit Suisse , will work alongside Yegidis .
˜ Global Custodian understands that Mark Aldoroty , most recently head of institutional solutions following a reorganisation at BNY Mellon ’ s Pershing , is set to join Jefferies , the New York headquartered investment bank . It is believed he will be in line to take over the running of the unit from long-time head of global prime services John Laub , once Laub retires .
˜ Private equity and real estate administration solutions provider Crestbridge has appointed a new director , head of funds for its UK business . Cherly Bai will take on the role , leading the UK funds team and contributing to the growth and evolution of Crestbridge ’ s UK private equity and real estate fund services proposition .
˜ Citi has hired Vincent Vandenbroucke from Credit Suisse as its EMEA head of prime brokerage consulting , following the Swiss bank ’ s pullback from the space . Vandenbroucke was formerly EMEA head of capital introduction and prime consulting at Credit Suisse during his seven years with the bank .
˜ Clearwater Analytics , a web-based investment portfolio accounting , reporting , and reconciliation services for institutional investors , has hired Jonathan Flitt from BNY Mellon as its new global head of private assets .
6 Global Custodian Fund Services Annual 2022