US / UK - Mellon Transition Management (MTM) has appointed Tim Wilkinson and his team of transition management professionals in a major expansion of its business.
The team had been part of Citi Transition Management, the transition management business of Citigroup Markets (Globalpensions.com; 5 January 2009).
Wilkinson has been named managing director for Europe, the Middle East and Africa for MTM.
At Citi, Wilkinson was a managing director and established the transition management business for Citi in the Asia Pacific region and EMEA.
He will help drive the growth of MTM in the EMEA region alongside director Mark Dwyer, who is responsible for sales. Citi veteran, Toby Goold, will join Dwyer in the sales effort as director.
Project Managers joining from Citi include Greg Metzmacher and Raymond Pestana, both as directors, and Andrew Cooper, as vice-president. Robert Dixon and Chloe Wilson will also join the team, as associates.
MTM chief executive Mark Keleher: "We are pleased to add these talented individuals who have significant experience in building transition management businesses in both EMEA and Asia-Pacific.
"They will complement our presence in both London and Sydney, Australia, as we continue to expand. Tim will work closely with both myself and Christine Carr Smith, our president and chief operating officer, in defining the footprint for our continued growth globally."
Keleher said the transition management business was being heavily influenced by the credit crisis and market volatility.
He added: "As a result of these factors, transition managers such as MTM, which operate under the fiduciary model, are benefiting because of their commitment to transparency.
"We are continuing to add market share and our volumes have compounded at more than 40% annually over the last three years."
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