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BONY boost UK pensions team

UK – The Bank of New York has bolstered its UK pensions team with the appointment of Ray Bloom and Jeff Crispin.

Both have joined BONY as vice presidents in the UK pension funds team, and will act as senor relationship managers, responsible for presenting new ideas to clients.

Bloom joins from State Street, where he was head of UK pension fund services. There he was responsible for relationship management, business development and servicing of pension funds, charities and local authority clients.

Crispin was previously at JP Morgan Chase, where he developed and implemented strategies to increase awareness of financial products within the pensions sector. Before joining JP Morgan, he was the principal investment officer at the Dorset County Superannuation Fund.

Commenting on the two senior appointments, Richard Beaven, managing director of BNY Investor Services in Europe, said: “In this current environment, where pension provisions are at the centre of trustee and plan sponsor thinking, our pension fund clients are faced with increasingly complex requirements. By investing in our team, we will ensure that we can provide our clients with the most effective solutions to the challenges they face.”

The Bank of New York offers a range of services to UK pension funds including global custody, investment accounting, performance measurement, and compliance monitoring.

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