Calastone names local boss

The fund trading provider has promoted Marsha Lee to lead its local business as head of Australia and New Zealand.

She succeeds Teresa Walker, who stepped back from the business at the end of October.

Based in Sydney, Lee will oversee Calastone's continued growth across the region drawing on her deep understanding of the forces shaping the managed funds sector.

She joined the fund network - which tracks both retail and institutional investors' movements -  in 2017 after twelve years working in custody securities and funds settlements roles at Westpac and HSBC.

Calastone chief commercial officer Brian Godins said Lee is well placed to keep expanding the business into deeper and new segments.

"Industry scale fintech solutions are being increasingly recognised as underpinning commercial sustainability and innovation in a digital economy," he said.

"We have a strong regional and global team to support this and thank Teresa for her contribution and efforts in growing the business and driving our positive client engagement."

For her part, Lee noted that as digitalisation of managed funds gathers pace, we are further innovating and transforming the ways in which the industry connects and delivers value to investors.

"Our team in Australia is very excited to collaborate with both clients in the region and our global team as the business expands to drive the next evolution of products, including cash settlements, ETF servicing, and tokenisation of collective investment vehicles," she added.