State Street has appointed Mark Westwell as head of its UK trustee and depositary business.
Based in London, Westwell will report to Akbar Sheriff, head of global services in the UK.
Westwell will be responsible for the continued growth and development of SSTL, in accordance with State Street Global Services’ UK strategy.
Since joining State Street in 2007, Westwell has served as a director of State Street Trustees Limited, State Street Infrahedge and State Street South Africa.
He has also assisted with the firm’s strategic planning for Brexit and continues to chair the Brexit client communications group in Europe.
Prior to State Street, Westwell held various roles at the Bank of New York and JPMorgan Chase including head of insurance for Europe, the Middle East and Africa (EMEA), head of sales EMEA and managing director of the information products company EMEA.
Westwell has also served at the NatWest Group working in treasury, capital markets and branch banking.
Sheriff commented: “With his knowledge and experience across our business, I am confident that Mark Westwell will continue to position State Street at the forefront of trustee and depository services.”
Commenting on his new role, Westwell said: “I am excited to take on this role and lead the business through its next phase of growth. Focusing on a strong and effective corporate governance structure will accelerate our ability to serve our clients and help them navigate the complexities of the regulatory environment ahead.”
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