Bank of NY investment manager head exits

EUROPE – Philippe Seyll, head of investment managers for Continental Europe at the Bank of New York, has left to join Deutsche Boerse’s clearing and settlement operation Clearstream.

Clearstream Banking said Seyll is its new director of investment fund services. He will be involved in products such as its fast growing investment funds service Vestima+. Earlier this month Clearstream announced that Vestima+ transactions had risen 78.6%.

A Bank of New York spokesman said Seyll’s responsibilities had been assumed by two executives. He said: “Daron Pearce now runs this client segment for the whole of Europe with David Claus focusing specifically on the continental European piece.”

Last week the Bank of New York named Robert Darmanin as head of European custody and pensions, taking over from Richard Beaven who has left.

Clearstream processed 1.8m transactions in October and has €8.5trn in assets under custody.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2503

    Asset class: Equities.
    Asset region: Emerging Markets.
    Size: EUR 30m.
    Closing date: 2019-01-31.

  • QN-2505

    Asset class: Real Estate Core/Core-Plus Multi-sector strategy.
    Asset region: Asia-Pacific.
    Size: $ 50m.
    Closing date: 2019-01-28.

  • QN-2506

    Asset class: Currency Overlay.
    Asset region: Global.
    Size: USD 4 bn..
    Closing date: 2019-02-11.

Begin Your Search Here