UK - DST International is set to appoint a new managing director of its HiRisk division, following the departure of Mark Dwyer to Mellon Global Investments (MGI).
Dwyer will now join MGI as vice president, UK Sales, for Mellon’s transition management group, and will report to both Greg Brisk, chief operations officer, and Mark Keleher (pictured), president of Mellon Transition Management Services in San Francisco.
However, this leaves the HiRisk division, which is tasked with building the brand across Europe and developing a targeted sales strategy to existing and potential clients, temporarily without a head.
A spokeswoman for DST International said: “Unfortunately we can’t comment on the departure of Mr. Dwyer but we have made headway with appointing a new managing director.
“However we cannot go public yet as he is in the process of resigning from another post.”
Commenting on Dwyer’s appointment, Keleher said the new addition would help develop the firm’s UK transition management business.
Keleher added: “The investment community has recognised that dedicated transition specialists, such as Mellon Transition Management Services, significantly lower the inherent costs and risks far more effectively than plans, broker dealers or traditional money managers can do on their own when moving assets from one investment manager to the next.”
The new vice president will be responsible for developing new business opportunities in the UK, targeting institutions such as defined benefit and defined contribution pension plans, foundations, endowments and public funds.
Previously, Dwyer formed his own management consultancy, Euclid Consultants Ltd, specialising in asset servicing and derivatives marketing.
Proir to this, he also held the position of executive director at UBS.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.
Engagement in pensions is rising but there are still a number of barriers to overcome. Natanje Holt looks at the key issues that need to be tackled