BNY Mellon's Mager heads up innovation group 29 November 2016New York Reporter: Stephanie Palmer
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BNY Mellon has named Christopher Mager as head of its new innovation group within the treasury services business.
Previously head of market segments for BNY Mellon Treasury Services, Mager was also a managing director of the business—a title he will retain in his new position.
The new innovation group was designed to help BNY Mellon to incorporate new ideas and technologies, and to improve client services.
Mager is responsible for driving innovation projects, identifying new business concepts and technologies and assessing new financial technology company. He will also work on thought leadership around new payment technologies such as blockchain.
He has been with BNY Mellon’s treasury services team for more than 20 years, holding several leadership positions in global product management and sales.
In his new position, Mager reports to Anthony Brady, managing director and global head of product management.
Brady said: “The global innovation team will play a key role in the launch of new technologies that will enhance the competitiveness of BNY Mellon’s Treasury Services group.”
He added: “Innovation is vital to our ability to deliver market-leading solutions to clients so that we can continue to grow existing relationships and build new ones. Innovation also is critical to growing client satisfaction and the treasury services business.”
Ian Stewart, executive vice president of BNY Mellon and CEO of the treasury services business, said: “It’s clear that the global payments industry is undergoing a dramatic change as new technologies are being introduced, global payments are rapidly increasing, and banks are under unprecedented pressure to improve the payments experience they deliver to their clients.”
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