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Macquarie expands transition management
10 June 2014
Hires two experts from BNY Mellon, which is closing its transition management business
Macquarie Securities has hired Mark Dwyer and Graham Cook as
part of plans to extend its portfolio solutions service
offering to the Emea region.
Their appointments signal the expansion of
Macquarie’s transition management business.
Dwyer and Cook join from BNY Mellon’s transition
which is in the process of closing down.
Dwyer becomes head of Emea portfolio solutions at Macquarie,
while Cook joins as senior transition manager.
The appointees have a "proven track record of providing
portfolio solutions to some of the world’s leading
asset owners", said Damian Hoult, global head of execution
"Their deep industry experience will help us connect
Emea-based clients to our global agency execution
Macquarie already provides portfolio solutions in the Americas
and Asia Pacific. The firm hired Fred Fogg and Lance Vegna last
year as co-heads of portfolio solutions in the Americas.
Dwyer was a manager director and head of Emea beta and
transition management at BNY Mellon where he dealt with
institutional clients such as sovereign wealth funds, pension
funds, insurance funds, endowments and foundations. He has also
previously worked for State Street and UBS.
Cook also worked within BNY Mellon’s beta and
transition management business, where he was most recently a
director. Before that he held senior roles at Instinet
Corporation and Morgan Stanley.
BNY Mellon announced in March
2014 that it would shut down its beta and transition
management services after deciding they were not a core part of
its business model. The bank said at the time that it would
make every effort to deploy the 35 affected employees within