BNY Mellon Asset Servicing will appoint James Slater as global head of securities lending following the retirement of Kathy Rulong beginning July 1.
Slater formerly was COO for BNY Mellon’s securities lending business with responsibility for providing strategic direction for core functions, including trading and product development within that business.
Bill Kelly is named deputy head of securities lending in addition to his current responsibilities as head of new business and client service.
“James brings significant expertise to the business and under his leadership it will provide continuity of service to our clients as well as delivering cutting edge new products to service their needs, says Tim Keaney, CEO of BNY Mellon Asset Servicing. Kathy has been a tremendous leader for our securities lending business over the past four years and we wish her all the best for her retirement.”
With more than 20 years of experience in the financial services industry, Slater joined BNY Mellon in 2009 from CIBC Mellon, the Canadian joint venture between CIBC and BNY Mellon, where he was senior vice president and head of capital markets. He provided leadership for the JV’s capital markets sector, which included global securities lending, treasury and cash management. He was also a member of the company’s executive management committee and chaired the asset/liability committee.
Rulong joined BNY Mellon over 30 years ago, initially working in the capital markets and money managers sales groups before moving to the securities lending division in 1998.
(CG)