BNY Mellon Hires Three Executives for HedgeMark

BNY Mellon has hired three new senior executives for HedgeMark, the firm’s managed accounts and hedge fund risk monitoring provider. The three hires are: Bill Santos, global head of business development; Maxine Alexis, head of the legal consulting group; and Neil Novembre, head of fund accounting.

Santos will be responsible for global business development, marketing, and relationship management, while Alexis and Novembre will focus on HedgeMark’s Dedicated Managed Account (DMA) solution. Alexis will oversee all legal matters relating to the structuring and operation of DMA, while Novembre will oversee fund accounting operations for DMA.

Before coming to HedgeMark, Santos served as senior managing director and head of institutional business development for the Americas and Japan for Kenmar Olympia Group, a hedge fund group recently acquired by GEMS Group. He has over 25 years of experience in the industry.

Alexis comes to HedgeMark from Deutsche Bank, where she was a senior legal counsel and most recently served as global co-head of Deutsche Bank’s alternatives legal practice group. She has over 15 years of experience.

Novembre, with 17 years in the industry, also comes from Deutsche Bank, most recently serving as chief financial officer of DB Advisors Hedge Fund Group, responsible for their fiduciary business of domestic and offshore funds and managed accounts.

“We’ve seen increased demand in the institutional marketplace for our services, and Bill, Maxine and Neil’s specialized expertise will be integral to our growth,” says Andrew Lapkin, CEO of HedgeMark. “They bring considerable experience in the managed account business, and we’re excited about adding such talented industry veterans to our team.”

In February, BNY Mellon agreed to acquire the remaining ownership stake in HedgeMark and completed the deal in May.