State Street Global Markets, the investment research and trading arm of State Street Corporation (NYSE:STT), expanded its transition management team in London with the addition of three senior appointments: Ian Barnes, Chris Martin and Ben Mooney.
Reporting to Lachlan French, senior managing director of State Street Global Markets in London, Barnes and Mooney will serve as transition managers for the Europe, Middle East and Africa region. Martin will be responsible for sales and client service to UK corporate pension funds and the local authority community and will report to Edward Pennings, managing director of State Street Global Markets.
Prior to joining State Street, Barnes spent six years at Western Asset Management and Citigroup Asset Management with responsibility for managing global fixed-income and Libor Plus portfolios. Prior to this role, he held various positions in operations and as a fixed-income portfolio manager at Salomon Smith Barney.
Previously with the Bank of New York, Martin was responsible for transition management sales and client service to UK local authority customers. Prior to this role, he specialized in fixed income sales for Credit Lyonnais, Bank of Montreal and other financial institutions.
Mooney joins State Street from Wellington Management International Ltd., where he was a transition manager in the UK-based client administration group servicing a wide range of UK and European clients. He has previously worked in a variety of international client services roles for HSBC and Royal Bank of Canada.
“Demand for our services is strong, as evidenced by the fact the transition management business grew by 30 percent in 2006,” says French. “Building on our already strong industry leadership, we look forward to the considerable experience that these industry professionals bring to the team which is expected to facilitate future growth and innovation in a rapidly changing environment.”