Tom Abraham, the former Accenture consultant who heads the fund management outsourcing business at Citigroup in London, is to replace Mike Winn as chief executive of fund management systems vendor DST International (DSTi).
Abraham is one of the best-known figures in the securities services industry, having held various positions in the industry over the last thirty years at Deutsche Bank as well as Accenture and Citigroup. At Citigroup, he was latterly director of strategic solutions – global transaction services, which masterminded fund management outsourcings such as Standard Life Investments.
“Tom Abraham brings a unique set of international investment management experience to an already strong management team,” says Tom McDonnell, president and CEO of DST Systems, Inc., DSTi’s U.S.-based parent company. “DSTi is an important component of DST Systems’ international strategy, and we are excited to have Tom in this role.”
Abraham will replace Mike Winn, who will retire after 15 years with the organisation. Winn will oversee the transition and take on the role of non-executive chairman.
In addition to the appointment of Abraham, Steve Edkins has been promoted from DSTi’s chief operating officer to deputy CEO.