Thomas Murray hires former BNY Mellon CSD team
Thomas Murray Advisory Services has hired the team that was previously behind BNY Mellon's central securities depositary (CSD) to explore opportunities in post trade.
Chris Prior-Willeard, who was formerly the CEO of the CSD set up by BNY Mellon, will join the firm along with An Mestdagh, Robert Head and Carl Janson.
Prior-Willeard added: "We are delighted to have the opportunity of continuing to work in the financial market infrastructure sector during this very dynamic period. Thomas Murray Advisory Services is ideally positioned both as a trusted advisor and with many active relationships at all levels of the industry."
As BNY Mellon has put their CSD operation on hold, Thomas Murray Advisory Services has hired the team to continue to explore the opportunities in the post-trade landscape on which Thomas Murray Advisory Services particularly focuses.
"With the advent of T2S and CSDR, the dynamics of the CSD industry are changing rapidly," said Tim Reucroft of Thomas Murray Advisory Services.
"This creates opportunities which we believe that Thomas Murray Advisory Services - as an independent provider - can seize to offer the market a new paradigm that challenges the historical alignments by providing a pan-European solution that captures both favourable cost benefits as well as meeting the new regulatory requirements."
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