BNY Mellon Asset Servicing has named Michael P. McAuley to the newly created position of managing director, senior business strategist, for the Global Securities Lending Business.
McAuley, who is based in Boston and reports to Kathy H. Rulong, executive director of securities lending, is responsible for leading the securities lending business’ efforts to identify and capitalize on new opportunities in a changing business, tax and regulatory environment.
“Mike McAuley has a wealth of experience working with the Securities and Exchange Commission, the Federal Reserve Bank of New York, and other important regulators, Rulong says. “In an environment of increased global regulatory activity, we recognize the importance of having a senior manager devoted to the relevant issues and developments.”
McAuley had been a senior managing director for Premier Global Securities Lending and previously had been a senior managing director and the chief product officer for securities finance at State Street Bank and Trust Company. McAuley also is the chairman of the Securities Lending Committee of the Risk Management Association (RMA) and a member of the RMA board.
He was awarded his bachelor’s degree by Boston College and juris doctorate from Suffolk University Law School.