Global Funds Network Calastone Appoints Dan Kramer As Vice Chairmanbr>
Global funds transaction network Calastone has appointed Dan Kramer as Vice Chairman, to be based in the firm’s New York office.
Calastone operates a transaction network for the mutual funds industry in the United Kingdom and internationally, with a mission of making funds accessible to everyone by reducing the frictional cost of trading. Earlier this year, the firm moved its entire system for fund trade clearing services to a blockchain in order to save £3.4 billion ($4.3B USD) in fund distribution costs.
Kramer joins Calastone from BNY Mellon, where he held the position of EVP and Chief Client Experience Officer, managing all stages of customer experience across client service, insight and strategy. During this time, he was also a member of the CIBC Mellon Board. Prior to this, he spent eight years at JP Morgan Chase as Head of Fund Services. In his earlier career, Kramer was EVP of Institutional Equities at Thomson Reuters (previously Thomson Financial), Global COO of DWS Investments, Managing Director at Merrill Lynch and Executive Director at Morgan Stanley.
As Vice Chairman of Calastone, Kramer will spearhead the firm’s strategy for expansion across the Americas, leveraging his more than thirty years of experience and expertise in the asset management and asset servicing industries.
“The Americas represent a significant growth opportunity for Calastone and Dan will be instrumental in directing our strategy for the region,” said Julien Hammerson, Calastone’s Chief Executive Officer. “Bringing our unique technology proposition to the Americas will mark a key inflection point for the ongoing success of our business worldwide.”
“I am delighted to welcome Dan to Calastone’s senior leadership team at a time when our business continues to grow from strength to strength,” said Kramer. “As a market leader we pride ourselves on bringing together the very best talent and experience in the industry and Dan’s appointment is hugely additive, bringing significant expertise of the American funds sector. The Americas represent a significant growth opportunity for Calastone and Dan will be instrumental in directing our strategy for the region. Bringing our unique technology proposition to the Americas will mark a key inflection point for the ongoing success of our business worldwide.”