The newly created operations and technology transformation office is part of the bank’s multi-year transformation strategy.
BNY Mellon's former global head of operations will now be responsible for State Street's custody, middle-office, transfer agency and client service operations.
The new Credit Suisse representative is the fourth member to be elected to the organisation's board this year.
Ann Fogarty named permanent head of operations to replace Lester Owens who left in April.
The world’s largest global custodian tells majority of staff throughout 35 countries not to come into the office.
The appointments are the latest in a series of senior leadership changes for Citi’s global securities services business.
Chicago-headquartered custodian has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership becoming a key component of the plan.
After poaching BNY Mellon's former CEO in September last year, Wells Fargo has hired the global custodian's head of operations for a similar role.
The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.