Former senior executive vice president at BNY Mellon has been promoted to the role after serving at the bank since July 2018.
The appointment is the latest boost to Northern Trust’s technology transformation plans after it allocated an extra $52 million to its technology budget during 2020.
GC Legend and recent recipient of the Lifetime Achievement Award, Penny Biggs, announced her retirement from Northern Trust as she moves onto pastures new.
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.
The hire will bolster Euroclear's international strategic growth efforts and its programme to explore using new technologiees.
BBH has named its FinTech product management expert to lead its investor services strategy for Europe and Asia.
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.
20-year securities services veteran McNamara joins from Deutsche Bank to support and shape MUFG's long-term growth.
Since joining BNY Mellon in the summer of last year, Charles Scharf has highlighted a number of new strategic goals for the bank.