Senior Risk Management Appointment by State Street

State Street has appointed Paul Mundy to a senior risk management role overseeing the firm's alternative investment services division across Europe, the Middle East, and Africa. Based in Jersey, Mundy assumes responsibility for enterprise risk management and support functions for State Street's private equity and real estate fund administration and corporate services groups throughout the EMEA region. His scope extends to State Street AIS operations across multiple jurisdictions, including London, Guernsey, Luxembourg, and Dublin.

Mundy joins State Street from Royal Bank of Scotland International, where he spent more than 13 years in senior risk management positions. Most recently, he held the position of Director of Risk, Service and Operations in corporate banking, a role he maintained since 2007. His appointment reflects State Street's priority on strengthening risk governance within its alternative investment services platform, particularly as the fund servicing business expands across European and Middle Eastern markets.

With a career spanning over four decades in institutional finance, Mundy brings substantial experience across critical banking functions. He commenced his career in 1982 at Chase Manhattan Bank and has accumulated extensive exposure to global custody services, securities lending, and banking operations—disciplines central to fund administration and risk oversight. Phil McGowan, EMEA Head of Private Equity and Real Estate Fund Servicing at State Street, stated: "We are delighted to welcome Paul to the State Street senior management team. His substantial experience in risk management within the corporate banking sector and his leadership in this field, makes Paul an important addition to the expertise we have available from our offices in Jersey." The appointment underscores State Street's commitment to bolstering risk infrastructure as alternative asset servicing remains a growth driver for the custody and administration business.