As part of the merger of BNY Mellon’s and CIBC Mellon’s securities lending trading desks, Phil Zywot has assumed the role of managing director of securities finance at BNY Mellon.
Under the planned transition of roles, Zywot and his team were initially seconded to BNY Mellon, and formally became BNY Mellon employees on Jan. 1, 2014.
In his new role, Zywot takes on additional responsibility for expanding and enhancing service for BNY Mellon’s global client base in the Canadian lending market, as well as working with Canadian players as they expand their participation in securities lending around the world through the BNY Mellon global network.
Rob Ferguson, who, as SVP now takes on oversight of product delivery in addition to his capital markets remit at CIBC Mellon, says: “Under Phil Zywot’s proven leadership, the Toronto securities finance trading desk continues to provide outstanding service to CIBC Mellon and BNY Mellon clients in the Canadian marketplace. Phil has a deep understanding of the challenges and opportunities facing both borrower and lender clients, and his insights and leadership help position our clients for success.” Ferguson’s expanded role gives him oversight of the development and implementation of the CIBC Mellon’s complete asset servicing product suite, client integration activities and online client information delivery systems.
“The integration of our respective trading desk teams last October represented the culmination of many productive years working together as partners in the CIBC Mellon joint venture and has enhanced how we are supporting our clients, both in terms of trading expertise and even deeper market coverage,” said Rob Chiuch, managing director, global head of equity finance, Global Collateral Services at BNY Mellon.
Phil Zywot Takes On Expanded Role in BNY Mellon’s Securities Finance Business
As part of the merger of BNY Mellon's and CIBC Mellon's securities lending trading desks, Phil Zywot has assumed the role of managing director of securities finance at BNY Mellon.
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