Morley swaps DB for MUFG 15 January 2021 Luxembourg Reporter: Drew Nicol
Image: Christopher Morley
Christopher Morley is the latest Deutsche Bank defector to resurface at MUFG since Tim Smollen left the German bank in December 2019 to take on overhauling MUFG’s securities lending business.
As of 4 January, Morley is leading the Luxembourg branch of MUFG’s global securities lending enterprise.
He left Deutsche Bank in January 2020 after just under five years as a director in global transaction banking.
Morley reports to Jay Schreyer, another ex-Deutsche Bank employee, who heads up global securities lending services across Europe, the Middle East and Africa, and Asia.
Locally, Morley reports to senior management of Mitsubishi UFJ Investor Services & Banking (Luxembourg), a wholly-owned subsidiary of MUTB that provides a range of products including custody, fund administration, foreign exchange and Securities Lending to MUFG clients worldwide, and is the European hub for its securities lending services.
Prior to joining Deutsche Bank for the second time in 2016, Morley held several senior positions within State Street’s securities finance business for 12 years.
Morley follows several Deutsche Bank staff to MUFG, including Charlotte Clode, JT Zamecnik, Anthony Toscano and Bronwen Simms.
“Very excited to join such a great institution and very much looking forward to working with my new MUFG colleagues in Luxembourg but also with Tim Smollen, Jay Schreyer, Peter Carter and the rest of the GSLS team,” Morley wrote on LinkedIn.
Asked about the possibility of further hires to underpin Smollen’s ambitious plan to make MUFG the first Asian make to truly compete with US and European banks in the securities lending arena, he tells SFT that “we are building a global team through a combination of both internal and external hires and aim to grow across Europe, the US and Asia”.
He adds: “This stage, I am absolutely ecstatic at the team we have been able to put together from across the globe.”
Elsewhere, MUFG recently went live on the EquiLend Spire trading platform, which is powered by Stonewain, as its core global platform to expand its front, middle and back-office securities lending systems.
“We are in the midst of a choreographed global roll out of the programme, some of which is dictated by the location and requirements of the initial clients of the programme,” Smollen explains.
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Image: Christopher Morley 