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JP Morgan appoints head of transition management
JP Morgan Treasury & Securities Services has appointed Patrick Fanning as head of transition management for the firm's Australia and New Zealand business.
Fanning's appointment is the latest addition to the bank's growing Financing & Markets Products (FMP) division in the Asia-Pacific, following the recent announcement of Stewart Cowan as head of FMP for Australia, New Zealand and Japan, and Michael Wynn joining the Australian transition management sales desk.
Fanning has spent the past 10 years with Citigroup Global Markets, where he managed over 250 transitions including some of the largest carried out in the region. Based in Sydney, he would report to Rob Saffer, global head of transition management.
Saffer said Fanning's "proven ability to innovate and deliver exceptional execution" would make him "instrumental" in further building the franchise in ways that would "benefit the firm's clients and spur the further growth of the transition management business in Australia and New Zealand". In 2010, the team was responsible for managing over $180 billion worth of transitions.
Cowan added that Fanning was "highly regarded within the superannuation and funds management industry" and would bring "unrivalled commitment" to JP Morgan's clients in Australia and New Zealand.
AUTHOR
Angela Welsh
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