bank of new york mellon corp (BK) Key Developments
BNY Mellon Names Mustin to Head North American Distribution
Apr 17 14
BNY Mellon announced that its investment management unit has hired Kimberly Mustin as head of North American distribution. She will be responsible for leading new business strategy and driving sales, client management and consultant relations efforts across institutional, retirement and retail markets throughout North America. In North America, Mustin will oversee centralised distribution and consultant relations across Dreyfus, BNY Mellon retirement, and institutional markets. Working closely with BNY Mellon's investment boutiques, as well as investment management's product and marketing leadership, she will lead the strategic plan for the North American distribution business. She will be based in New York and report to Pardi. Mustin joins BNY Mellon most recently from Oppenheimer Funds where she was head of global strategic accounts since 2010, leading all institutional buyer groups including institutional, retail home offices, third party and global private banking platforms.
BNY Mellon Announces Executive Changes, Effective from April 28
Apr 16 14
BNY Mellon announced that it has appointed Monique Herena senior executive vice president and chief human resources officer for the company effective from April 28. Herena will lead the company's global human resources organization and direct the strategies, policies and practices supporting the company's more than 50,000 employees. She will report to Gerald L Hassell, BNY Mellon's chairman and chief executive officer, and serve on the executive committee, the company's most senior management body, which oversees day to day operations. Herena will succeed Lisa Peters, who is retiring after 32 years with the company. Herena joins BNY Mellon from PepsiCo Inc, where she was senior vice president and chief human resources officer for global beverages, global foods, global functions and corporate.
BNY Mellon Announces Executive Changes
Apr 15 14
BNY Mellon has named Filippo Santilli as new head of Asia-Pacific sales and relationship management for its global collateral services business. Based in Hong Kong, Santilli will report to Jonathan Spirgel, executive vice-president - global collateral services in New York alongside Dominick Falco, head of global collateral services - Asia-Pacific. Santilli, who has over 15 years of institutional sales experience, has joined BNY Mellon in 2009 most recently serving as managing director of liquidity services for the Asia-Pacific. Prior to joining BNY Mellon, Santilli worked at Lehman Brothers Asset Management as a product specialist in Hong Kong, where he was responsible for building the firm's liquidity business.
BNY Mellon Names Kevin McCarthy as Senior Executive Vice President and General Counsel
Apr 14 14
BNY Mellon named Kevin McCarthy as new senior executive vice president and general counsel, effective April 15, 2014. McCarthy will report to BNY Mellon Chairman and CEO Gerald L. Hassell and will become a member of the BNY Mellon Executive Committee. McCarthy, currently the company's Senior Deputy General Counsel, succeeds Jane Sherburne, who has decided to leave BNY Mellon to consider opportunities in both the public and private sectors. McCarthy joined BNY Mellon in 2010 from Cowen Group Inc.
PGGM Vermogensbeheer B.V. Appoints BNY Mellon as AIFMD Depositary
Apr 14 14
BNY Mellon has been appointed by PGGM Vermogensbeheer B.V. to provide depositary services under the Alternative Investment Fund Managers Directive for assets valued at EUR 14 billion. In addition to safekeeping the funds' assets, which are held within five fixed income investment funds, BNY Mellon will provide oversight functions and perform cash monitoring as required by AIFMD. PGGM provides pension management, integrated asset management, management support and policy advice for pension funds. PGGM manages about EUR 160 billion assets on behalf of more than 2.5 million Dutch participants.