BNY Mellon has made a number of new senior management appointments in its Investment Services business.
Samir Pandiri, formerly CEO of Americas Asset Servicing, has been named CEO of Asset Servicing globally. He will report to Tim Keaney, global CEO of Investment Services.
Lou Maiuri has been named Deputy CEO of Asset Servicing globally, reporting to Pandiri. He will continue as head of the Global Financial Institutions group within Asset Servicing as well as overseeing the Alternative Investment Services group and the Asset Servicing Latin American business.
Chris Kearns, formerly deputy CEO of Depositary Receipts, has been named CEO of the business globally. He reports to Keaney. Before becoming deputy CEO, he was head of the business in Asia Pacific.
Michael Cole-Fontayn, previously head of the global Depositary Receipts business, now focuses full time on his role as chairman of Europe, Middle East & Africa (EMEA) and Executive Committee member for BNY Mellon.
BNY Mellon created the Investment Services business in December, aligning its Asset Servicing, Corporate Trust, Depositary Receipts, Global Markets, Global Collateral Services, Broker Dealer Services and Pershing businesses under one roof.
Keaney, who had been vice chairman and CEO of Asset Servicing, then was named CEO of the combined Investment Services group.
“The pace of market change along with new regulations across the globe are driving major movements of assets among all players in the financial sector as they seek to lower their risk profile, reduce structural costs and optimize their returns on capital, Keaney says. Through Investment Services we are aligning various businesses currently positioned across the different stages of the investment lifecycle into one unit and creating an integrated front office. As a result we are uniquely placed to support our clients by leveraging scale and best practices across our company to help them navigate this sea change.”
(CG)