Calastone, the global fund transaction network, has appointed Sharon Sweeney as managing director, Australia, bolstering its expansion into the Australian managed funds marketplace.

Sweeney has over 15 years of experience in the financial services sector. Mostly recently, she held senior positions in the fund strategy business at Royal Bank of Canada.

Kevin Lee, joint founder of the business, is returning to the UK to be a non-executive director of Calastone Limited, the global parent firm.

Calastone has more than 400 clients using its system, operating in 16 domiciles including the UK, Switzerland, Hong Kong, Taiwan, Singapore and Australia.