Calastone appoints Daniel Llewellyn as Head of Market Standards

30 Sep 2009

Calastone Limited, the independent cross-border transaction network for the mutual funds industry, announced today the appointment of Daniel Llewellyn who joins Calastone as Head of Market Standards.

Reporting to Calastone’s Business Development Director Ken Tregidgo, and in recognition of the importance of straight through processing of mutual fund transactions through to settlement, Daniel will be responsible for ensuring that Calastone remains at the forefront of automated mutual fund settlement. The mutual fund industry has agreed that ISO 20022 will be the messaging protocol of choice and the industry is rapidly signing up to connect to Calastone to benefit from domestic and international fund transaction automation. Managing mutual fund settlement is an integral part of managing the transaction lifecycle and Daniel brings a wealth of experience from Euroclear and EMXCo Ltd.

Daniel joins Calastone from his role as Product Manager at Euroclear SA/NV where he had specific responsibility for Euroclear’s initiative to dematerialise collective investments within the CREST system. From 2006 to 2008, Daniel was responsible for re-specifying and re-launching EMXCo Ltd’s client facing information and was instrumental in the re-launch of the EMXCo Ltds Standards Board. Prior to joining EMXCo, Daniel held a number of positions in the Information Systems division at Brewin Dolphin Securities Ltd.

Commenting on the appointment, Kevin Lee, joint-founder and Managing Director of Calastone Limited said, “We are very pleased that Daniel has joined Calastone. He brings a wealth of experience in mutual fund transactions and settlement. Since launch, we have enjoyed rapid growth and are well placed to continue to see more providers, distributors and transfer agents join our transaction network. As with every organisation enjoying considerable growth, this requires high quality people and we are confident that Daniel brings the right experience and dedication to work with the management team to ensure the future development of the firm. Dan’s previous experience at EMXCo Ltd and Euroclear ensures he is perfectly placed to assist us with our development plans.”

Daniel Llewellyn added “Joining Calastone is very exciting for me and I anticipate being able to bring experience combining technology, standards and industry expertise. I have been following Calastone’s progress and have been impressed with their efforts in assisting the mutual fund industry to achieve greater efficiencies through standardised messaging. I look forward to working with the management to ensure the highest levels of standards and automation to benefit the transaction of domestic and international mutual funds.”

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