Exclusive: Hovey to leave State Street
03 December 2015 London
Image: Shutterstock
Ian Hovey, head of Europe, the Middle East and Africa (EMEA) product development at State Street, is set to retire at the end of the year, according to multiple sources.
Hovey ran the securities lending product for Morgan Grenfell Asset Management, which later became Deutsche Asset Management.
He moved to State Street when the bank acquired the Deutsche Bank Global Securities Services businesses. He has been in the securities lending business for more than 20 years.
State Street said it does not comment on individual employees as a matter of corporate policy.
Hovey could not be reached for comment.
Hovey ran the securities lending product for Morgan Grenfell Asset Management, which later became Deutsche Asset Management.
He moved to State Street when the bank acquired the Deutsche Bank Global Securities Services businesses. He has been in the securities lending business for more than 20 years.
State Street said it does not comment on individual employees as a matter of corporate policy.
Hovey could not be reached for comment.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
