Chris Taylor will hand over the reins of State Street's regional securities lending business to Tokyo-based Francesco Squillacioti as Taylor heads for London. Taylor is moving over to special projects or more specifically, the integration of Deutsche Bank's securities lending portfolio following State Street’s acquisition of the German bank's custody business earlier this month.
The acquisition has given State Street access to a greater international client base of securities lenders and adds vital non-US dollar fixed income assets to its portfolio. Once integrated, the custodian is expected to have the world's largest loan book next to competitors Bank of New York, Northern Trust and JPMorgan.
Taylor's job is to transfer...
