The head of BNY Mellon's ETF servicing business has left after more than three years with the bank based in Ireland.
The hire is the second former State Street executive to join Citi’s securities services sales team after it a recruited new head of APAC sales this week.
The hire for Citi follows a number of recently announced milestones in the APAC region for its securities services business.
TSSAG was formed in August 2020 by a number of Global Custodian Hall of Famers and distinguished securities services industry experts.
BNY Mellon, Northern Trust and State Street are to set to make a swathe of job cuts in 2021, reducing mostly middle-management and junior roles.
The appointment marks the return of the global securities services role back to London after nearly three years.
Former JP Morgan, SS&C and State Street fund services executive starts new role alongside association work.
Michael Tae, who has served in the role since 2017, will take on a new position as chief transformation officer for the Investor Communication Solutions business.
Senior hires in Luxembourg, Hong Kong and Jersey signal intentions for further growth following acquisitions.
Custodian shakes up Ireland leadership as former country head takes on new role.