J.P. Morgan appoints Mark Kelley as CEO of Worldwide Securities Services, Australia & New Zealand
Dec 15, 2011
Sydney – J.P. Morgan has today announced the appointment of Mark Kelley to the position of Chief Executive Officer of its Worldwide Securities Services (WSS), Australia and New Zealand division. Mr Kelley will also assume the role of J.P. Morgan Treasury & Securities Services (TSS) Country Lead for Australasia.
In his new role, Mr Kelley is responsible for all aspects of the WSS business including sales, operations, technology, product, client service and the organisation’s strategic agenda.
J.P. Morgan’s WSS business focuses on custody and administration services by helping clients – institutional investors, alternative asset managers, broker dealers and equity issuers – optimise efficiency, mitigate risk and enhance revenue.
Mr Kelley joined J.P. Morgan in 2006 and was most recently head of America’s market management for WSS based in New York. In that role he was responsible for setting strategy, driving sales and relationship management, and managing profitability for all clients in the western hemisphere.
Prior to joining J.P. Morgan, Mr Kelley served as Managing Director and Regional Business head of Citigroup’s Securities and Fund Services Europe, Middle East and Africa division. Based in London, he managed the custody and clearing services, fund accounting and fund administration businesses. He was responsible for strategic planning and business development and directed all of the bank’s securities-related business across 24 countries.
“Mark brings more than 20 years of financial services experience to his new role and will be an invaluable addition to the region. His appointment reflects J.P. Morgan’s strong commitment to growing the Worldwide Securities Services offering in Australia and New Zealand,” said Laurence Bailey, Chief Executive Officer, J.P. Morgan WSS, Asia Pacific.
J.P. Morgan’s Australian business dates back more than 130 years to the founding of Ord Minnett. Since that time the firm has adopted a systematic approach to developing diverse product capabilities while broadening its client base.
“We have a steadfast focus on our clients’ continuing and evolving needs and with Mark’s experience and guidance we will continue to ensure that our clients have access to the full product and service power of the firm globally,” said Rob Priestley, Chief Executive Officer, J.P. Morgan Australasia.
Mr Kelley said the key focus of the WSS business in 2012 will be to continue strengthening client partnerships by leveraging J.P. Morgan’s global capabilities across all business areas.
“Our global presence, with centres of excellence around the world, means J.P. Morgan is ideally positioned to partner with our superannuation and investment manager clients in Australia and New Zealand in an increasingly dynamic business environment,” Mr Kelley said.
“We are committed to utilising our world class product and service power while sharing the knowledge and expertise J.P. Morgan has as an international market leader and an innovator across tax, accounting and investment operations.”
Mr Kelley holds a B.S. in Foreign Affairs and International Economics from Assumption College in Massachusetts.