BNY Mellon Reshapes Collateral Services Team

BNY Mellon has made two new senior appointments to continue to drive the growth of its Global Collateral Services (GCS) business.

Drew Demko, previously head of Broker-Dealer Services as well as GCS for the Europe, Middle East & Africa (EMEA) region, has returned from London to New York to become head of GCS financial institutions and intermediaries. He will report to Jonathan Spirgel, head of GCS sales and relationship management.

Jeannine Lehman has been appointed business head of GCS EMEA, reporting to Jim Malgieri, head of GCS service delivery and GCS regions. She will also continue in her role as head of BNY Mellon’s secured finance business in EMEA on an interim basis, and remains based in London.

“Both Drew and Jeannine have provided outstanding leadership in EMEA since we launched the GCS business in July 2012, building strong and committed teams and working closely with our regulators,” said Kurt Woetzel, CEO of Global Collateral Services at BNY Mellon. “They have been instrumental in positioning BNY Mellon at the very forefront of the collateral story as we look to help our clients meet their fast-evolving needs around the management, segregation and optimization of collateral.”