NEW YORK, March 14, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has announced a number of new senior management appointments as the company enhances its presence and capabilities in the Investment Services space around the world.
Samir Pandiri has been named CEO of Asset Servicing globally. He was formerly CEO of Americas Asset Servicing. He will report to Tim Keaney, global CEO of Investment Services at BNY Mellon.
Lou Maiuri has been named Deputy CEO of Asset Servicing globally, reporting to Samir Pandiri. Lou will continue in his role as Head of the Global Financial Institutions group within the Asset Servicing business, as well as overseeing the Alternative Investment Services group and the Asset Servicing Latin American business.
Chris Kearns has been named as CEO of Depositary Receipts globally, reporting to Tim Keaney. He was formerly Deputy CEO, prior to which he was responsible for this business in the Asia-Pacific region.Michael Cole-Fontayn, who has overseen the global Depositary Receipts business since 2008, will now be focusing full-time on his role as Chairman of Europe, Middle East & Africa (EMEA) and Executive Committee member for BNY Mellon. Tim Keaney said: "The pace of market change along with new regulations across the globe are driving major movements of assets among all players in the financial sector, as they seek to lower their risk profile, reduce structural costs and optimize their returns on capital. Through Investment Services we are aligning various businesses currently positioned across the different stages of the investment lifecycle into one unit and creating an integrated front office. As a result we are uniquely placed to support our clients by leveraging scale and best practices across our company to help them navigate this sea change." BNY Mellon's Investment Services business provides global custody and related services, broker-dealer services, collateral services, alternative investment services, corporate trust and depositary receipt services, as well as clearing services and global payment/working capital solutions to institutional clients. Investment Services assists clients through the creation, trading, settlement, safekeeping, servicing and restructuring of their assets; by providing a distribution channel for those assets; and by supporting the rapidly expanding collateral management needs of both buy and sell-side institutions.