BNY Mellon has appointed Brian Ruane to the new position of Chief Executive Officer of Alternative Investment Services (AIS).
Ruane will report to Art Certosimo, senior executive vice president and head of Broker-Dealer/Alternative Investment Services at BNY Mellon. He will continue to be based in New York City.
Ruane, who joined BNY Mellon in 1993, was most recently executive vice president and head of global client management North America. For the five years prior, he was head of financial institutions, overseeing the firms relationships with banks, broker-dealers and hedge funds. In his new role he will focus on expanding AIS global client relationships and leveraging the array of fund administration products and services the group provides to hedge fund, fund of hedge fund, private equity and real estate clients worldwide.
Brians experience and leadership will help us continue to grow, build on our strengths, and set new standards for serving clients during this transformational time in the industry, said Certosimo. BNY Mellons AIS business has achieved impressive revenue and market share gains the past few years, where others have struggled. Were confident in Brians ability to develop the strategies and forge the relationships well need to take our global growth forward.
BNY Mellon Alternative Investment Services is a hedge fund administrator with more than $200 billion in assets under administration.