Bank Austria Creditanstalt (BACA) has appointed David Penstone as Global Head of Sales and Relationship Management for its custody network in Central and Eastern Europe. He comes from RBC Global Services.
Penstone, who brings 15 years of international experience in the custody and clearance business to BACA, began his career in Canada with Scotia Mcleod. Since then, he was worked for JP Morgan and the Bank of New York as well as RBC Global Services.
“We consider a perfectly organised relationship management crucial to cope with the challenges ahead of us,” says Michael Aschauer, Head of Custody at BACA. “This recruitment not only strengthens our existing team, but also underlines commitment to our already successful business.”