BNY Mellon reshuffles asset servicing senior leadership
23 January 2020 New York
Image: Shutterstock
BNY Mellon has made several key changes within its asset servicing team in order to accelerate the development and delivery of its products and services.
This will be predominantly focused on growth opportunities outside of the US, to ‘sharpen’ BNY Mellon’s focus on sales across its largest clients, according to Todd Gibbons, interim CEO at BNY Mellon, in a memo to staff seen by AST.
As part of the reshuffle, Hani Kablawi will become head of international, which includes BNY Mellon’s regional management teams across Europe the Middle East and Africa (EMEA), Asia Pacific, and Latin America.
Commenting on this move, Gibbons explained that with almost 40 percent of BNY Mellon’s revenues outside the US, this will intensify emphasis on international growth markets.
Kablawi will retain oversight of client coverage for asset servicing and will also remain as chairperson of EMEA. He will continue to report directly to Gibbons.
Kablawi will partner with BNY Mellon’s senior executive vice president and head of digital, Roman Regelman.
Regelman will assume responsibility for asset servicing with a focus on product strategy and development and on driving the end-to-end delivery of the bank’s solutions.
According to Gibbons, this change will help accelerate asset servicing’s transformation into a more data- and analytics-led business.
Regelman will continue to lead digital on behalf of the company and will also continue to report to Gibbons.
Meanwhile, Akash Shah, BNY Mellon’s head of strategy, will assume leadership of global client management.
Along with his responsibilities as head of strategy, Shah will work to bring all of BNY Mellon’s capabilities to its largest clients.
Gibbons explained that Shah will also focus on building a set of uniform sales practices, training and metrics for our relationship management, distribution and sales functions.
Finally, Gibbons confirmed that Brian Ruane will continue in his role leading credit services and clearance and collateral management.
Gibbons commented: “We are accelerating our company’s sense of urgency to drive organic growth across our businesses, build an efficient and resilient operating model and instill a performance culture that demands excellence."
This will be predominantly focused on growth opportunities outside of the US, to ‘sharpen’ BNY Mellon’s focus on sales across its largest clients, according to Todd Gibbons, interim CEO at BNY Mellon, in a memo to staff seen by AST.
As part of the reshuffle, Hani Kablawi will become head of international, which includes BNY Mellon’s regional management teams across Europe the Middle East and Africa (EMEA), Asia Pacific, and Latin America.
Commenting on this move, Gibbons explained that with almost 40 percent of BNY Mellon’s revenues outside the US, this will intensify emphasis on international growth markets.
Kablawi will retain oversight of client coverage for asset servicing and will also remain as chairperson of EMEA. He will continue to report directly to Gibbons.
Kablawi will partner with BNY Mellon’s senior executive vice president and head of digital, Roman Regelman.
Regelman will assume responsibility for asset servicing with a focus on product strategy and development and on driving the end-to-end delivery of the bank’s solutions.
According to Gibbons, this change will help accelerate asset servicing’s transformation into a more data- and analytics-led business.
Regelman will continue to lead digital on behalf of the company and will also continue to report to Gibbons.
Meanwhile, Akash Shah, BNY Mellon’s head of strategy, will assume leadership of global client management.
Along with his responsibilities as head of strategy, Shah will work to bring all of BNY Mellon’s capabilities to its largest clients.
Gibbons explained that Shah will also focus on building a set of uniform sales practices, training and metrics for our relationship management, distribution and sales functions.
Finally, Gibbons confirmed that Brian Ruane will continue in his role leading credit services and clearance and collateral management.
Gibbons commented: “We are accelerating our company’s sense of urgency to drive organic growth across our businesses, build an efficient and resilient operating model and instill a performance culture that demands excellence."
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