State Street Corporation has appointed Craig Butterworth to head of fixed income sales for Europe, Middle East and Africa.
Butterworth will lead State Street Global Markets fixed income sales team and will be responsible for expanding its rates business with new and existing clients.
State Street Global Markets says it launched its fixed income rates business in 2010 in response to market demand and opportunities for integrated and diversified trading strategies.
It is truly exciting to join State Streets fixed income rates business, Butterworth says. I believe that with the combination of State Street’s unique investor behavior research and existing client relationships we are on course to build a full service global rates business in the years ahead. We have a strong sales team in place who stand ready to provide our clients with a full range of services to meet their needs.
Butterworth joins State Street from Royal Bank of Scotland (RBS), where he spent 7 years, most recently as managing director and head of flow rates sales for UK funds and hedge funds. Prior to RBS, he worked at Goldman Sachs within the fixed income UK fund sales desk.
We are delighted that Craig has joined State Street, he has a strong track record within fixed income sales, says Steve Smit, head of State Streets Global Services and Global Markets businesses in the UK, Middle East and Africa. We believe that State Street is perfectly positioned to capitalize on market opportunities given our global trading infrastructure, strong expertise, proprietary research and access to deep liquidity.
Craig will be based in London and will report to Jon Thoresen, head of fixed income rates for Europe, Middle East and Africa, and Peter Turk, global head of fixed income sales.
(CG)