BNY Mellon has hired for a number of new senior management position as the company aims to enhance its presence and capabilities in the investment services space globally.
Samir Pandiri has joined as CEO of asset servicing globally. He was formerly the CEO of Americas Asset Servicing. He will report to Tim Keaney, global CEO of Investment Services at BNY Mellon.
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Lou Maiuri has joined as deputy CEO of Asset Servicing globally, reporting to Pandiri. Maiuri will continue in his role as head of the Global Financial Institutions group within the Asset Servicing business, as well as overseeing the Alternative Investment Services group and the Asset Servicing Latin American business.
Chris Kearns has been appointed as the CEO of Depositary Receipts globally, reporting to Tim Keaney. He was formerly the deputy CEO, prior to which he was responsible for this business in the Asia-Pacific region.
Michael Cole-Fontayn, who has overseen the global Depositary Receipts business since 2008, will now be focusing full-time on his role as chairman of Europe, Middle East & Africa (EMEA) and executive committee member for BNY Mellon.
Commenting on the appointment, Keaney said: "The pace of market change along with new regulations across the globe are driving major movements of assets among all players in the financial sector, as they seek to lower their risk profile, reduce structural costs and optimize their returns on capital."
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