Mr Kramer has joined the company from BNY Mellon, where he held the role of executive vice-president (EVP) and chief client experience officer.
Julien Hammerson, chief executive of Calastone commented the Americas represent a significant growth opportunity for the company, with Mr Kramer to be “instrumental in directing [its] strategy for the region.”
“Bringing our unique technology proposition to the Americas will mark a key inflection point for the ongoing success of our business worldwide,” Mr Hammerson said.
“As a market leader we pride ourselves on bringing together the very best talent and experience in the industry and Dan’s appointment is hugely additive, bringing significant expertise of the American funds sector.”
Calastone noted Mr Kramer has more than 30 years’ experience in the asset management and asset servicing industries.
During his tenure with BNY Mellon, Mr Kramer was also a member of the CIBC Mellon board.
Prior to this, he spent eight years at JP Morgan Chase as head of fund services.
He was also EVP of institutional equities at Thomson Reuters, global chief operating officer of DWS Investments, managing director at Merrill Lynch and executive director at Morgan Stanley.
He commented he was excited to be joining the company at a “pivotal stage in its development.”
Earlier this year, Calastone introduced its new blockchain-enabled distributed market infrastructure (DMI), creating what it says is the world’s largest financial community connected using ledger technology.
Mr Kramer said the technology will further reduce costs and generate better value for investors.
“In launching the DMI Calastone’s technology has delivered a step change for the global funds industry, which for the first time can benefit from greater market efficiency, friction-free trading and lower costs for all participants,” he said.
“This is a unique proposition which I know can add significant value to the American funds markets which is the natural next step for the company’s growth.”
Mr Kramer will be based in Calastone’s New York office.
The company is headquartered in London and has offices in Luxembourg, Hong Kong, Taiwan, Singapore, Sydney and New York.
