It seems that David Puth is starting to make his presence felt at State Street. Puth was named as head of investment research, securities finance and trading activities for the Boston-based bank in August. In December, the bank announced the consolidation of its management functions.
Long-term staffer Simon Wilson-Taylor, who joined the bank back in 1992, is one of those to have been consolidated. Like many talented FX market participants, Taylor-Wilson did a stint at the late, great Midland Bank, where he managed what was then a state-of-the-art options replication product. Wilson-Taylor has a place in the market’s history as one of the early drivers of electronic services to the buy side.
In his last role, he was the head of State Street’s Global Link division and a member of Currenex’s board. Following his departure, Cliff Lewis will assume responsibility for the Currenex and Global Link platforms. This will no doubt lead to speculation that the two products will eventually share the same technology. However, sources close to the bank say that the two platforms will be kept very much separate.
People moves: UBS appoints dedicated FICC eComm head
September 25, 2009