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Bank of New York adds IBM's Paul Traynor London client executive team

02 December 2004  |  2543 views  |  0 Source: Bank of New York

The Bank of New York, a global provider of securities servicing, announces that it has appointed Paul Traynor to the role of client executive in London, as the Bank continues to develop its senior client executive team.

Paul joins as managing director and client executive for UK investment managers from IBM Consulting. He will be based in London, and will report to Ian Hards, head of UK fund managers.

Paul joins from IBM Consulting where he had responsibility for UK investment management consulting following the merger of the consulting businesses of PriceWaterhouseCoopers (PwC) and IBM.

Mr. Traynor said "The Bank of New York is a unique organisation with an outstanding future. The capabilities of the Bank are the most comprehensive and evolved in the industry. I am pleased to be joining to help further grow the capability in Europe under the new management team."

Ian Hards, Head of UK fund managers, The Bank of New York continued, "I am delighted to welcome someone of Paul's calibre and experience to our European management team. The outsourcing needs of the European fund management industry are becoming increasingly demanding and complex. We are responding to this challenge by building a team of senior client executives with in-depth, practical knowledge of our clients' businesses who can provide strategic advice at the highest level. The appointment of Paul demonstrates our ongoing commitment to our clients."

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