State Street Jersey appoints new managing director
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State Street Jersey appoints new managing director 24 June 2014Jersey Reporter: Catherine Van de Stouwe
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Michael Newton has been named the new managing director of State Street Jersey.
With 20 years of finance industry experience, Newton will be joining State Street from EQT Funds Management in Guernsey where he has been managing director since 2009.
At EQT, he gained experience directing both offshore and onshore funds, which had a combined asset value of approximately €20 billion.
Phil McGowan, head of Europe, Middle East and Africa private equity and real estate fund services, said Newton’s “extensive experience” will make him a “strong new addition to the team and with the skills to lead the fund administration operation at a time of significant business growth”.
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