BNY has appointed Karen Montbach as head of conventional trust solutions leading the Conventional Debt, Public Finance, Escrow & Specialty and insurance products in its corporate trust business, effective July 10. Based in New York, she will report to the global head of Corporate Trust, Cécile Nagel, and will join the Corporate Trust Executive Council. In her new role, Montbach will be responsible for end-to-end product capability and delivery for Conventional Trust, defining, developing, and executing the strategic vision for the suite of products & solutions. Prior to this position, Montbach spent 23 years at Citi in the Issuer Services team, most recently serving as the head of global product development & transformation for Agency & Trust. Commenting on Montbach’s appointment, Nagel said: “As we continue to bolster our senior leadership team and Conventional Trust offering to be more for our clients, I am thrilled to welcome Karen with her expert knowledge of the product segment and experience of leading transformational change.” Montbach adds: “As one of the leading global Corporate Trust providers, and the largest agent and trustee of conventional debt, I am excited to be joining BNY at such an important time to help our issuer clients to seamlessly execute their debt financing strategies.”
