SIX Securities Services has appointed Armanda Mago Vicentelli and Arancha Palanca as it develops its custody offering and operating model.
As head of product management, Mago Vicentelli will lead the evolution of SIX’s custody proposition. A 25-year industry veteran, she joins SIX from Citi Investor Services, where she was most recently managing director, Strategy and Change Management for Custody.
As head of custody execution, Palanca will focus on the execution of SIX’s custody strategy and the continued development of its operational capabilities. She joins SIX following more than 25 years at BNY. Most recently, she served as Global Custody Product Development and Strategic Programmes Director,
Both roles are based in Madrid.
Francisco Bejar, head of Custody at SIX, said: “Armanda and Arancha bring deep experience of managing that change from within major global custodians. Their appointments strengthen our ability to work closely with clients on the development of our custody offering while continuing to improve the underlying operating model that supports it.”