BNY Mellon has appointed Karen Price as global product development head for custody, based in New York.
In her new role at BNY Mellon, Price will report to Caroline Butler, global head of custody.
During her career, she has also worked at Rabobank, where she was global process owner for the transformation of its corporate bank business.
Before Rabobank, Price was a managing director, global product development head, US direct and global custody at Citi from 2010 to 2014.
At Citi, Price created and implemented an investment strategy that ensures funding is directed to all stages of a product’s life cycle establishing balance across multiple business imperatives.
Commenting on the appointment, Butler says: “We are very excited to bring someone with Karen’s impressive background in custody, IT and operations to the team.”
Butler adds: “As the leader of product development, Karen Price will play an important part in the transformation of custody at BNY Mellon as we continue to advance our digital strategy.”
BNY Mellon recently enhanced its digital custody strategy by investing in Fireblocks amid its development of enterprise solutions to service the rapidly evolving digital asset space.
