BNY Mellon Asset Servicing has named David DiNardo chief operating officer of its securities lending business and Robert Chiuch managing director in the securities lending business, with responsibility for leading the US equity and corporate securities lending team.
DiNardo, who reports to James Slater, global head of securities lending, is responsible for implementing strategic initiatives, coordinating the key functions of the business, and directing the risk and compliance requirements of securities lending.
DiNardo had been a managing director in the group with responsibility for product development and project management. He succeeds Slater, who recently became BNY Mellon’s global head of securities lending.
“David DiNardo has done an outstanding job in coordinating our efforts to bring new technology to BNY Mellon’s clients, resulting in better service in a wide range of areas including trading, reinvestment and reporting,” Slater says. “In his new position, he will play a key role in identifying opportunities for continuing improvements in our operations and further enhancing the experiences of our clients.”
DiNardo joined BNY Mellon’s securities lending business in 1994 and started in operations then quickly moved into the systems and technology group. He was named manager of that group in 1997. He was awarded a bachelor’s degrees in finance and mathematical economics by John Carroll University and an M.B.A. and master’s degree in information systems by the University of Pittsburgh.
Chiuch, who also reports to Slater, had been co-head of global securities lending at CIBC Mellon. He will be based in New York.
“Robert Chiuch has demonstrated strong leadership in building the global securities lending business at CIBC Mellon,” Slater says. “His knowledge of the business and his depth of experience will prove invaluable as we grow BNY Mellon’s securities lending operations.”
Chiuch, who has 23 years of experience in securities lending, joined CIBC Mellon when the company was formed in 1996. Previously, he worked for CIBC and National Bank Financial. He received his M.B.A. from the University of Western Ontario’s Richard Ivey School of Business. He is president of the Canadian Securities Lending Association.
(CM)