Salem Trust expands custody and asset services with new hires
09 August 2024 US
Image: SeanPavonePhoto/stock.adobe.com
Salem Trust Company, a division of Argent Institutional Trust Company (AITC), has begun the implementation of an expansion of its custody and asset servicing capabilities with two new appointments.
Luke McCabe will serve as the president of Salem and managing director, Institutional Asset Servicing and Global Custody at AITC, and Chris Taylor as a director.
McCabe has over 30 years of experience in asset servicing and prior to his new role, he served in dual roles as head of Global Wealth Management and president and CEO of Fidelity National Information Services’ (FIS) regulated asset servicing subsidiary, Reliance Trust Company.
Taylor has over 25 years’ experience in custody and securities processing and joins Salem from Citi Global Custody Operations, where he was head of North America Asset Servicing. Before Citi, Taylor gained experience at UBS Wealth Management Financial Services, JP Morgan Chase and Company, Nationwide Insurance-Office of Investments, and Banc One Investment Management.
Tony Guthrie, executive chairman at AITC, comments: “We are genuinely excited to have Luke and Chris join Argent.”
Steve Eason, CEO of AITC, says: “The knowledge and expertise these two senior market executives bring are the essential tools necessary to build on our core competencies, expand our services offering, and grow Salem into a market recognised leader.
“In addition, their understanding of the industry, landscape, and people in the markets will prove invaluable as we continue to build, expand, and grow.”
Luke McCabe will serve as the president of Salem and managing director, Institutional Asset Servicing and Global Custody at AITC, and Chris Taylor as a director.
McCabe has over 30 years of experience in asset servicing and prior to his new role, he served in dual roles as head of Global Wealth Management and president and CEO of Fidelity National Information Services’ (FIS) regulated asset servicing subsidiary, Reliance Trust Company.
Taylor has over 25 years’ experience in custody and securities processing and joins Salem from Citi Global Custody Operations, where he was head of North America Asset Servicing. Before Citi, Taylor gained experience at UBS Wealth Management Financial Services, JP Morgan Chase and Company, Nationwide Insurance-Office of Investments, and Banc One Investment Management.
Tony Guthrie, executive chairman at AITC, comments: “We are genuinely excited to have Luke and Chris join Argent.”
Steve Eason, CEO of AITC, says: “The knowledge and expertise these two senior market executives bring are the essential tools necessary to build on our core competencies, expand our services offering, and grow Salem into a market recognised leader.
“In addition, their understanding of the industry, landscape, and people in the markets will prove invaluable as we continue to build, expand, and grow.”
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