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PEOPLE ON THE MOVE
˜ ˜ Deutsche Bank has appointed its
head of global transaction banking
(GTB) for Ireland as its new global
head of securities services, relocat-
ing the role from London to Dublin.
Fiona Gallagher will take on the
position with immediate effect and
will continue as chief country officer
for Ireland.
˜ ˜ Graham Ray has stepped down
from his new role as EMEA head
of securities services for Deutsche
Bank just a month after receiving
the promotion, Global Custodian
understands. Ray has worked within
securities services at the German
bank for over a decade, and was
involved in a management shake-up
in May.
˜ ˜ BNP Paribas Securities Services
has hired Deutsche Bank’s former
global head of investor services sales
in a newly created regional role.
Stanislas Beneteau joined the French
bank as regional head of the financial
intermediaries and corporates clients
(FI&C) line for the UK, Middle East
and South Africa (MESA).
˜ ˜ One of Standard Chartered’s most
senior North Asian securities services
experts, Barnaby Nelson, is set to de-
part by the end of June. Nelson, who
led the securities services business
for North Asia and Greater China, will
leave to pursue opportunities outside
of banking.
˜ ˜ Citi has moved its head of rates
sales for Europe to North America to
lead its prime, futures and securi-
ties service (PFSS) business for the
region. Cedric Pauwels takes on the
role after leading European sales for
10
Global Custodian
Summer 2018
NEWS ROUND-UP
G10 rates, credit and SGM for over
eight years.
˜ ˜ Apex Fund Services has hired
Richard Dinn as global head of
custody and depositary sales, with a
focus on leading the unit following
its recent takeovers. Dinn will be re-
sponsible for expanding Apex Group’s
presence in the custody and deposi-
tary market on a global scale.
˜ ˜ MUFG Investor Services has made
several leadership changes following
the appointment of a new interim
chief executive officer (CEO). Eiji Ihori
will take on the role from 1 July, re-
placing Mark Porter who is stepping
into an advisory role as a non-exec-
utive director. John Sergides, global
head of sales will become deputy
CEO and Mac Kirschner, global head
of relationship management, will
assume the role of chief operating
officer (COO).
˜ ˜ Northern Trust has appointed
former BNY Mellon managing director
David Kim as head of sales for the
corporate and institutional business
across the Asia-Pacific (APAC) region.
Kim will lead a team of sales managers
across the region to continue growth
in asset servicing sales to intuitional
investors and investment manage rs.
˜ ˜ A former Deutsche Bank board
member will join Deutsche Boerse’s
executive board to oversee its
post-trade business, Clearstream.
Stephan Leithner, currently a partner
for Swedish private equity firm EQT
Partners, will join the committee in
July where he will be responsible for
all post-trade businesses, as well as
the data and index business.
˜ ˜ CACEIS Bank has become a direct participant of the
pan-European harmonised settlement platform TAR-
GET2 Securities (T2S) through Italy’s central securities
depository (CSD) Monte Titoli. Directly Connected Partic-
ipant (DCP) status enables a single connection directly to
the T2S system as authorisied by a CSD or central bank.
˜ ˜ HSBC could spend up to $17 billion over the next two
years on investments in new technologies, according to
the bank’s latest strategy update. Chief executive, John
Flint, laid out the plans as part of the company’s new
strategy from now until 2020, with priorities including
expanding the business in Asia and increasing network
and digital capabilities.
˜ ˜ Apex has agreed to takeover private equity admin-
istrator and depositary Ipes in a deal that will propel it
becoming the world’s fifth largest fund administrator.
The deal will add $165 billion in assets under administra-
tion to Apex’s portfolio, while taking on 195 new clients
and 265 staff across five European offices.
˜ ˜ DTCC has connected its global trade repository to se-
curities financing data firms EquiLend, Trax, IHS Markit
and Pirum to ease the process for incoming reporting
requirements. Through the collaboration, DTCC will be
able to offer straight through processing and offer links
to mutual clients’ existing technology for a Securities
Financing Transaction Regulation (SFTR) reporting
solution.
˜ ˜ BNY Mellon and Deutsche Bank have integrated
chatbots built on the Symphony messaging platform,
which will be rolled out for trading securities on the Hong
Kong exchange. Using the new chatbots, trade settle-
ment status queries for the Hong Kong market will be
available to both banks using Symphony.
˜ ˜ BNP Paribas Securities Services has gone live
with an inventory management solution designed to
automate the transfer of securities between different
markets. Using active forecast and position manage-
ment technologies, the new service ensures securities
purchased by the custodian’s asset manager and asset
owner clients are automatically moved at the end of
every day to their domestic market.