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BNY Mellon appoints industry veteran to CIO role

Bridget Engle will become chief information office and senior executive vice president at BNY Mellon.

By Paul Walsh paul.walsh@strategic-i.com June 08, 2017 10:59 AM GMT
BNY Mellon has confirmed Bridget Engle as senior executive vice president and chief information officer, reporting directly to CEO Gerald Hassell.

In her new position, Engle will lead the client technology solutions group with specific responsibility for setting the strategic direction and executing BNY Mellon’s technology agenda.

Engle joins BNY Mellon from Bank of America which she joined in 2010 and has served a variety of roles including consumer bank chief technology officer and chief information officer for global banking and markets.

She also spent 17 years at Lehman Brothers before spells at Barclays Capital and the DTCC.

"I look forward to collaborating with partners across the firm to further advance the industry leading technology platforms and applications of BNY Mellon and develop the technology architecture for the future, to best serve clients and the financial markets," said Engel.

As part of her appointment Engle will also join BNY Mellon’s executive committee.

"Technology innovation is at the heart of what we do, and Bridget's leadership, proven industry expertise and her focus on aligning technology solutions to create value for clients will support our ambition to be the investment industry technology leader," said Hassell.

Engle’s hire is the latest for BNY Mellon following its appointment of Chandresh Lyer to lead its fund services and structured products business at the beginning of May.

Other changes in May saw Frank La Salla promoted to lead the custodian’s corporate trust business.

BNY Mellon reached a new record of $30.6 trillion in assets under custody at the end of Q1 further cementing its position as the world’s largest custodian bank.