Calastone, the global funds transaction network, has appointed Stephen Mohan as chief operating officer.

Mohan will assume responsibility for managing the UK and European business as well as leading global operational functions including product development and service delivery. Mohan brings with him extensive management experience of the mutual funds sector, and joins from DST (formerly IFDS), where he was most recently executive director of transformation and innovation.

Mohan’s wealth of industry expertise has seen him lead large scale operations at the top of the mutual funds industry for more than a decade. He has held executive positions for several leading global financial firms including Bank of New York, M&G and Cofunds.