BNY Mellon CEO names a new lead for company-wide digital revamp

BNY Mellon will build a global digital team across the bank, with the aim to attract new talent and setting its strategic digital direction.

By Joe Parsons

BNY Mellon has hired a Roman Regelman as its new head of digital to report directly into its new CEO, as the bank aims to accelerate its plan to digitally transform its service offering.

Regelman will be responsible for setting the strategic direction of the bank’s digital future and investing in client and internal digital capabilities, including data management, analytics, artificial intelligence, machine learning and robotics.

He will also build a global team across the bank, developing and attracting new digital talent, and join BNY Mellon’s executive committee.

“BNY Mellon is looking at new ways to provide services to our clients and drive dramatically improved quality and efficiency,” said Charles Scharf, chairman and chief executive officer, BNY Mellon.

“Roman is a digital transformation expert who will enable us to be bolder in our approach and more consistently find better solutions to our clients.”

Regelman joins from the Boston Consulting Group where he co-led the financial institutional digital business. He was also a partner at Strategy&, an affiliate of the PwC network.

BNY Mellon has already made some progress in implementing robotics and machine learning to its asset servicing business. In June, it partnered with Deutsche Bank for a chatbot-to-chatbot communication solution for securities traded on the Hong Kong exchange.

Using the chatbots, trade settlement queries for the Hong Kong market will be available to both banks using the Symphony messaging platform.