BNY Mellon has appointed Cécile Nagel as global head of the corporate trust, effective 1 October.
She will replace James Slater, who has held the position since July 2022, and will report to Roman Regelman, senior executive vice president and global head of securities services and digital.
Nagel has more than two decades of experience in the industry, and currently serves as head of BNY Mellon’s Pershing business in EMEA. Dennis Wallestad will assume this role in October, pending regulatory approval.
Before this, she was CEO of cash equities central counterparty EuroCCP (now part of Cboe Global Markets) and spent almost a decade with the London Stock Exchange Group.
Commenting on the appointment, Regelman says: "Cécile brings a global understanding of market infrastructure, trading and post-trade and is a proven senior leader with deep experience in transformation."
Jim Crowley, global head of Pershing, states: “Cécile has shown impressive leadership during her tenure as head of Pershing EMEA, laying a strong foundation for our continued growth in the region.
“Dennis has a deep understanding of our business and is ideally positioned to ensure that we continue to best serve our clients.”
