BNY Mellon adds to technology team with senior hire

Investment into BNY Mellon’s client digital platform has become a top priority for the world's largest custody bank.

By Joe Parsons

BNY Mellon has named another senior technologist to help enhance its digital investor services platform.

Hood Qaim-Magami has been appointed head of client service delivery (CSD) technology and shared/corporate services technology, reporting to its chief information officer Bridget Engle.

Qaim-Magami will oversee the continued investment into BNY Mellon’s client digital platform and help digitise front-to-back processes.

“His work will help foster closer relationships between technology and the business, and will strengthen our resiliency and risk culture,” said BNY Mellon’s Engle.

BNY Mellon’s CSD division manages investment monitoring, measurement and processes services for fund administration, transfer agency and outsourcing.

Qaim-Magami joins from JP Morgan where he was a managing director for wealth management technology. He also held senior technology roles at Bank of America, DTCC and Barclays.

He is the latest high-profile appointment for BNY Mellon’s revamped technology team.

Last month the custodian appointed Bank of America’s former chief operating officer for global markets technology, Nancy Reyda, in a similar role and Joseph Sieczkowski head of technology architecture and data.