Macquarie expands transition management

Macquarie expands transition management

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 management arm, 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 services.

“Their deep industry experience will help us connect Emea-based clients to our global agency execution platform.”

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 BNY Mellon.

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