Rick Boomgaardt was named head of State Street Global Markets’ European transition management desk.
He will oversee transition project managers in London and report to Edward Pennings, head of State Street’s Europe, Middle East and Africa portfolio solutions group, according to a State Street news release. Mr. Boomgaardt replaces Paul McGee, who assumed another role within the transition management team, according to State Street spokeswoman Carolyn Cichon.
Mr. Boomgaardt was founder of Credit Suisse’s transition management business, the State Street release said. A Credit Suisse spokeswoman could not be reached by press time for information.
