La Salla Named CEO of BNY Mellon AIS Business

Reporting to Samir Pandiri, BNY Mellon executive vice president and CEO of Asset Servicing, La Salla assumes a role Pandiri has held the past two years.
By Janet Du Chenne(59204)
Frank La Salla has been appointed chief executive officer of BNY Mellon’s Alternative Investment Services business.

He will leave his current post as managing director of Pershing to take up the new role, while remaining on the board Pershing’s U.K. affiliate. At Pershing, he was responsible for all of Pershing’s business outside of the U.S. and led its global growth strategy.

Reporting to Samir Pandiri, BNY Mellon executive vice president and CEO of Asset Servicing, La Salla assumes a role Pandiri has held the past two years. He will be based in New York and oversee a team of more than 2,000 AIS professionals worldwide.

“This is a strategic growth initiative for us,” said Tim Keaney, BNY Mellon vice chairman and CEO of Investment Services. “We’ve seen a marked expansion in serving our alternative investment manager clients in recent years and continue to see tremendous upside potential in this business.”

Before BNY Mellon’s acquisition of Pershing in 2003, La Salla was president and chief operating officer of BNY Clearing Services. Prior to that, he served as managing director and chief operating officer at Société Générale Securities in the U.S.

La Salla will also continue to represent BNY Mellon on the boards of directors of Euroclear’s public listed company and its Belgium incorporated limit liability company.

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