Travers to head Aussie custody for State Street

David Travers is to replace Peter Baker who heads to London.

State Street's investor services business in Australia and New Zealand will now be headed by David Travers as Peter Baker is appointed managing director of the bank's business in London. Travers is being promoted from general manager and chief operating officer to take on the new role.

The changes take effect on June 1 and Travers will report to regional boss KK Tse.

In London, Baker will assume responsibility for collective, insurance and pension fund clients. He will report to Jeff Conway, who is head of State Street's Investor Services in the UK, Northern Europe, South Africa and the Middle East.

Baker says the moves signify the completion...

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