Mellon today announced the replacement of Harley Murphy by Kevin Potts as Managing Director of its offshore fund administration business in Dublin. Potts was previously Managing Director of BNP Paribas Fund Services (Ireland) Limited and, before that, a Group Manager for AIB / BNY, the fund services joint venture between Allied Irish Bank and Bank of New York. He also worked in Deutsche Bank’s Irish operations between 1993 and 2000.
Potts inherits a team of fifty people at Mellon Fund Administration (Dublin) Limited, an imminent move to larger office space in the newly built Harcourt Building in Dublin’s Harcourt Street, and a reporting line that ends with Richard Godfrey, the former Flemings/Save & Prosper executive who is now Managing Director of Mellon European Fund Services in London. Mellon says Harley Murphy is staying at Mellon to work on “a number of strategic growth projects for the company’s European businesses.”
“Kevin brings to Mellon a wealth of experience and insight into the Irish fund administration industry and, with his track record, will undoubtedly continue our impressive growth in Ireland,” says Jack Klinck, Chairman of Mellon Europe. “While leading our Irish fund administration operation, Harley has overseen an impressive improvement in both our market share and service quality. I am delighted that Mellon will continue to benefit from his skills and experience as he assumes his new responsibilities.”
Since 2000, Mellon has moved from twentieth to seventh in the Fitzrovia rankings, which measure assets under administration and custody in the Irish marketplace. In the last year, the bank has doubled its assets under administration and custody in Ireland to US$10.8 billion. Recent business wins include National Treasury Management Agency, Payden & Rygel and City of London.