BNY Mellon has appointed Gesa Benda as new global collateral services product segment manager for clearing houses, based in Frankfurt.
In his new role, Benda will deal with important clearinghouse relationships and boost the development of BNY Mellon’s GCS business in Europe and report to global collateral services managing director Staffan Ahlner.
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The move aims to boost global collateral services team that delivers a complete assortment of financial services to fulfill their collateral, liquidity and securities financing requirements.
With more than 20 years industry experience, Benda joins the firm from the central counterparty clearing house (CCP) Eurex, where she was serving as the head of derivatives clearing business development.
At Eurex she was responsible for developing the CCP’s cash equity clearing and implementation of client asset protection and collateral management strategy.
Prior to this, Gesa has held various positions at KPMG and Deutsche Bank.
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By GlobalDataStaffan Ahlner, managing director, Global Collateral Services at BNY Mellon, said: "Gesa’s appointment underlines our commitment to continuing to build our Global Collateral Services business and grow its footprint in the EMEA region.
"Gesa brings with her a wealth of knowledge and a proven ability to manage key relationships and drive growth, which will be invaluable as we execute our global business strategies. We want GCS to be the first port of call for all of our client’s collateral needs through an approach that is at once global in scope and tailored to their specific regional requirements," he added.
As of 30 June 2013, BNY Mellon had US$26.2 trillion in assets under custody and/or administration, and US$1.4 trillion in assets under management.
