Meet the Team
Senior Vice President
Managing Director, State Street (Jersey) Limited
Mike Newton is the senior managing director of State Street’s Jersey business and is responsible for more than 250 employees in Jersey.
Mr. Newton has 20 years of experience in open- and closed-ended fund administration, providing high-quality and efficient administration services to offshore and onshore fund investment structures. Previously, Mr. Newton was managing director at EQT Funds Management Limited in Guernsey, where he was responsible for administration, service delivery and quality control as well as more than 50 employees. Before joining EQT, he worked at other independent administrators including Mourant International Finance Administration.
Mr. Newton is also a member of the British Private Equity & Venture Capital Association (BVCA) Channel Islands Working Group.
Head of Jersey Global Services
Russell Turner leads the Global Services business in Jersey and is responsible for providing institutional fund promoters with administration, custody and depositary services in respect of traditional fund asset classes.
Mr. Turner has worked for State Street since 2003, having previously spent 15 years at Deutsche Bank. During much of his career, Mr. Turner has focused on assisting Japanese institutional fund promoters with customised offshore fund solutions. He has been actively involved in finance industry affairs in Jersey, including serving on the Jersey Funds Association industry body and on Jersey Finance and Jersey Financial Services Commission working groups. Mr. Turner is a qualified Chartered Secretary.
Country Head for Guernsey and Head of Director Services EMEA
Paul Mundy is the Chairman of State Street (Guernsey) Limited and Country Head for the AIS and GS businesses in Guernsey. He has management responsibility for the private equity and real estate fund administration business and local infrastructure responsibilities for the custody business. He is also head of director services for AIS in Europe.
Mr. Mundy joined State Street Jersey in January 2014 as the head of Enterprise Risk Management for AIS EMEA. He moved into his current role in Guernsey in August 2015. He has more than 25 years of experience in the funds industry in a variety of roles, including relationship management, client service, operations, risk management and compliance.
Prior to joining State Street, Mr. Mundy was Director of Risk and Compliance at the Royal Bank of Scotland International for a number of years, and previously worked for both Citibank and J.P. Morgan in London and Jersey.
Head of Global Services, Channel Islands
Timothy Pallot is Head of Global Services in the Channel Islands. His role includes business strategy and implementation, including product and business development.
Mr. Pallot qualified as a Chartered Accountant with Ernst & Young in Jersey before spending a few years with it Melbourne office. During 10 years in London, he worked in senior finance roles for RSA Insurance plc and Legal & General Group plc, where he became Head of Corporate Development for L&G Investment Management. This latter role included directing projects on investment platforms and across passive, active and alternative asset classes, including the establishment of LGIM’s Asian business based in Hong Kong and developing the firm’s global strategy with LGIM board members.
State Street (Guernsey) Limited and State Street Custodial Services (Guernsey) Limited are regulated by the Guernsey Financial Services Commission.