Asset Servicing

Macquarie adds 2 for transition management in commodities, global markets

Paul McGee and Ben Mooney joined Macquarie Group's portfolio solutions team as transition management professionals in its commodities and global markets group, a spokeswoman said.

The positions are new. Mr. McGee was named a senior vice president and Mr. Mooney, a vice president.

Mr. McGee was head of transition management and exposure solutions for Europe, Middle East and Africa at State Street Global Markets. Mr. Mooney, also previously at SSGM, was a senior transition manager on the portfolio solutions team there. A spokeswoman for SSGM said as part of the changes announced in February 2017 — to restructure the transition management business to streamline its infrastructure, create efficiencies and take greater advantage of centralized processing and trading — the positions aren't being filled.

Daniel Kaye, managing director and head of cash execution and sales Europe at Macquarie, said in a news release that the appointments reflect increased client demand and a "commitment to continued investment in and expansion of our platform in EMEA."

Macquarie has £277 billion ($391 billion).