Paul Cahill has joined Mitsubishi UFJ Trust and Banking Corporation (MUFG) as first vice president and head of business development for the Custody Group.
Based in New York, Cahill will report to Edward Caplette, senior vice president and head of Custody for MUTB in the Americas.
Prior to joining the bank, Cahill spent 12 years at BNP Paribas, most recently as US custody product manager. He joined the company in 2007 as global relationship manager.
Cahill also held positions at US Bank as director of global custody, and during his 11 years with Wachovia Corp, he was vice president of mutual fund custody and later appointed director of global custody.
Speaking on the announcement online, Cahill says: “I am very fortunate to join one of the world’s most trusted financial groups, with a US franchise that is emerging as a leading provider in custody and securities lending services.
“I look forward to working with Tim Smollen, Anthony Toscano, Tom Ryan and the rest of the Global Securities Lending Solutions Group to further develop our product suite.”
Toscano, head of the Global Securities Lending Solutions at MUTB in the Americas, comments: “We are excited to welcome Paul Cahill to Mitsubishi UFJ Trust Bank. With his long successful track record in the world of securities services, he has come in and hit the ground running.
“We are already seeing success from a number of clients who require a bundled custody and securities lending solution for their US domestic assets.”
