Raymond Pestana was named senior transition manager for State Street Global Markets' Europe, Middle East and Africa portfolio solutions group, confirmed a State Street spokeswoman.
The position is new.
Mr. Pestana was a director at BNY Mellon Transition Management. BNY Mellon spokeswoman Louisa Bartoszek said the position will be filled Sept. 1. She could not say who will replace Mr. Pestana but said BNY Mellon is recruiting transition management staff from the U.S., Australia and the EMEA region.
Information on whom Mr. Pestana replaced at State Street was not available at press time.