BNY Mellon Asset Servicing Creates Global Financial Institutions Group
BNY Mellon Asset Servicing has established a Global Financial Institutions (GFI) group focused on supporting the future needs and growth plans of clients and prospects in the banking, mutual fund and insurance sectors.
Nadine Chakar, formerly head of Europe, Middle East and Africa (EMEA) Asset Servicing, will lead the new group. She will continue to report to Jim Palermo and Tim Keaney, co-chief executive officers (CEOs) of BNY Mellon Asset Servicing.
Within the GFI group, Steve Wynne, formerly CEO of PNC Global Investment Servicing, will become CEO of US Funds Services.
Nancy Wolcott, formerly president of PNC Global Investment Servicing, takes on the role of head of US Funds Services.
Lou Maiuri, currently global head of outsourcing at BNY Mellon Asset Servicing and chairman of Eagle Investment Solutions, takes on an expanded role as head of US Financial Institutions (which encompasses investment managers, insurance companies and banks) within the GFI group.
Frank Froud, formerly head of client management for the US at BNY Mellon, returns to London as the new head of EMEA Asset Servicing.