Calastone, the global funds transaction network, has appointed Jonathan Willis as chief commercial officer, effective 1 October.

Calastone, the global funds transaction network, has appointed Jonathan Willis as chief commercial officer, effective 1 October.  

Willis will focus on client relationship management, product development and sales and reports to  chief executive Julien Hammerson, Calastone said in a statement.

Willis joins from BNY Mellon, where he was head of transfer agency for EMEA and APAC. Prior to joining BNY Mellon in 2010, he was chief administration officer at IFDS, State Street’s transfer agency organisation, a position he held for 13 years.

“Our focus is to help firms respond to industry and regulatory changes; help them take advantage of the opportunities of scale in order to grow; and to continue to innovate and address some of the functional inefficiencies which exist today. Since launching Calastone we have enabled the industry to reduce the cost of electronic transactions by an impressive 60 per cent,” said Hammerson.

The global fund transaction network currently has 17 domiciles including the UK, Switzerland, Hong Kong, Taiwan, Singapore and Australia, from which it services customers looking for full automation of fund transactions.