Douglas A. Brown appointed sales manager for State Street’s Securities Finance Americas
September 08 2011 - 9:40AM
Business Wire
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors,
announced today the appointment of Douglas A. Brown, CFA, as
managing director and sales manager for State Street’s Securities
Finance Americas team. Brown is based in Boston and is responsible
for all securities finance sales and new business development
efforts for the US, Canada and Latin America.
Brown joins State Street from Credit Suisse, where he was
director of Americas sales for the Prime Services division. He will
report to Christopher W. Holzwarth, senior managing director and
head of global sales for State Street’s Securities Finance
business.
“Doug brings a wealth of expertise in agency lending, cash
management and prime services-related activities, as well as
extensive market contacts and client relationships,” said
Holzwarth. “Adding Doug to the team will further strengthen our
efforts to build on State Street’s leading global position in
securities finance.”
Earlier in his career, Brown spent six years at State Street as
a senior relationship manager in Securities Finance and three years
with Mellon Trust (The Boston Company), most recently in a
relationship management role.
State Street’s Securities Finance business covers 32 equity
markets and 21 fixed income markets for more than 400 clients from
more than 30 countries. With approximately $2.4 trillion in
lendable assets and $379 billion in average assets on loan (as of
June 30, 2011), the team has trading relationships with 89 of the
top 100 global investment managers and operates trading desks in
Boston, Hong Kong, London, Sydney, Tokyo and Toronto.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $22.8 trillion in assets
under custody and administration and $2.1 trillion* in assets under
management at June 30, 2011, State Street operates in 26 countries
and more than 100 geographic markets worldwide. For more
information, visit State Street’s website at
www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx.
$58 billion as of June 30, 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
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