Corporate Actions Joint Working Group elects new chairperson
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Corporate Actions Joint Working Group elects new chairperson 09 January 2020London Reporter: Maddie Saghir
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The Corporate Actions Joint Working Group (CAJWG) has elected Deutsche Bank’s director of global transaction banking (GTB) product management, Mike Collier as its new chairperson.
Commenting on his appointment, Collier said: “While the European standards for Corporate Actions Processing have been in issue for 10 years the group remains integral in further harmonising processes across Europe and continues to deliver benefits to the industry as a whole.”
He explained that as the industry enters a new decade it faces challenges with financial regulation and new technology making it “imperative that the expertise from the CAJWG is utilised to ensure the adoption of new European standards and new initiatives are measured against the CAJWG standards, before and post implementation.”
As the new chair of the working group, Collier said: “I look forward to further assisting the expert panel within the group to bring further benefits to the industry.”
Collier has worked for Deutsche Bank for more than ten years. Joining the bank in 2009, he started as assistant vice president to assist and support the harmonisation of asset services globally.
Prior to Deutsche Bank, Collier worked as corporate action supervisor for UBS Investment Bank.
During his career, Collier has also worked as corporate action manager at Cantor Fitzgerald and corporate action analyst at Euroclear.
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