Mark Kerns will leave his post of global head of investor services at Standard Bank after eight years in the role.
Kerns joined the South African bank after time with BNY Mellon and JP Morgan, with a view to grow its emerging markets custody business.
Standard Bank confirmed Kerns has decided to leave to pursue other opportunities. His last day will be 30 June.
While JP Morgan was a large custodian, it lacked those reporting services that Bankers Trust had obtained from The WM Company. Kerns and his team built service capability initially in London and later in New York.
In his interview upon being inducted as a GC Legend, Kerns said: “It was a highlight to build a new business in a large and respected bank,” Kerns says. “I think in that period, with the intensity of competition, the custody world was really starting to transform.”
Kerns then joined BNY Mellon in 1996 in London, spending over a decade there before joining Standard Bank.
To read Kerns’ GC Legends profile click here.
Standard Bank to lose global head of investor services
Standard’s Bank’s global head of investor services and GC Legend, Mark Kerns, to step down from position.