Corporate Actions Firm Continues String of High-Profile Hiring’s

Scorpeo, a multi-asset class service provider for corporate actions processing, has continued its string of high-profile hiring’s, with Jack McNally being the latest as the firm looks to boost its position in the U.S.
By Joe Parsons(2147488729)
Scorpeo, a multi-asset class service provider for corporate actions processing, has continued its string of high-profile hiring’s, with Jack McNally being the latest as the firm looks to boost its position in the U.S.

McNally was appointed as a managing director and will be based in the firm’s newly opened office in Boston. His hiring comes days after Chris Barrow, former global head of prime services sales at HSBC, told Global Custodian he will join the firm as head of business development, based in London.

McNally joins from Concar Holdings, a U.S. private equity holding company which he set up six years ago. Prior to that, he spent 11 years at Credit Suisse where he was global head of the securities lending management group and head of prime services. He also spent 10 years as a senior vice president at Lehman Brothers.

Global assets under management are in excess of $60 trillion and this is compounding at around 6% per annum. However, as the industry continues to grow, performance is key as the sector becomes ever more competitive and the costs of asset management continues to rise due to capital constraints, regulation, infrastructure, to name but few.

“Scorpeo is developing a growing reputation as a service provider with compelling products to help tackle the missed value that can arise in corporate actions. This has undoubtedly become a much more high profile issue for US beneficial owners, asset managers and custodians,” says McNally.

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