State Street Global Markets, the investment research and trading arm of State Street Corporation, has appointed Rick Boomgaardt as the new head of its transition management desk for Europe. He will report to Edward Pennings, head of the Europe, Middle East and Africa Portfolio Solutions Group, which includes State Street’s transition management business.
Boomgaardt, CFA, who has more than 13 years experience, will be responsible for overseeing the transition project managers for State Streets transition management business in London. Prior to joining State Street, he founded the transition management business at Credit Suisse. He has also worked for Goldman Sachs International, managing transitions for a wide range of institutional clients.
Our transition management business is enjoying extremely strong growth and we are delighted to have Rick, who has a broad level of experience and expertise in this area, join our team, says Pennings. The volatile markets are prompting many institutional investors to review and change their investment strategies and as a result, we are seeing an increase in customers engaging with us at an early state to help them rebalance their portfolios in the most efficient manner.
Rick has a Mathematics degree from Queens University, Canada, and received an MSc from the ISMA Centre Business School at the University of Reading. Rick is a CFA charter holder, and a member of the CFA Institute and the UK Society of Investment Professionals.
D.C.