JP Morgan has appointed David Kane as head of its Trust and Fiduciary and Compliance Reporting business, part of the firm’s Worldwide Securities Services division.

Kane has been head of global custody operations since 2006 and is now based in the Bournemouth office. He is replacing Tim Gandy, who the firm said is retiring.

As head of global custody operations, Kane led the development of the Worldwide Securities Services division’s global operating model across Dallas, Bournemouth, Mumbai and Bangalore.

Gandy headed the trust and fiduciary business - which has 12 European locations - since 1991.