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February 7, 2014updated 04 Apr 2017 2:31pm

BNY Mellon appoints new chief executive officer for Treasury Services Business

BNY Mellon has appointed Ian K. Stewart as chief executive officer of its Treasury Services business.

By Verdict Staff

BNY Mellon has appointed Ian K. Stewart as chief executive officer of its Treasury Services business.

Stewart succeeds J. David Cruikshank, who has been appointed market segment leader for the company’s Corporate and Public Finance clients.

Karen Peetz, president, BNY Mellon, said: "The fundamentals of Treasury Services – global payments, trade finance and cash management – are key to many of our client relationships. In their new leadership roles, Ian and David will be instrumental in our continued delivery of flexible and innovative treasury services capabilities to clients around the globe."

Stewart began his 30-year BNY Mellon career in the company’s management development program, subsequently advancing through a series of increasingly responsible management positions across a number of banking businesses, including Lending, Corporate Trust, and Risk Management.

He served as president of BNY Capital Markets prior to his appointment as chief operating officer of BNY Mellon’s Global Client Management group. At the time of his appointment as CEO of Treasury Services, Stewart served as head of GCM for North America, Developing Markets and EMEA.

Cruikshank is a ten-year BNY Mellon veteran who joined the company following more than ten years of service with Citibank and ABN AMRO in a number of senior management positions in their global transaction services organizations, including European Head of marketing, sales and service; global head of solution delivery; and head of client service for North and South America.

He served as global head of sales and relationship management for BNY Mellon’s Treasury Services business prior to his appointment in 2011 as chief executive officer.

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