Fred Bromberg becomes Country Executive, takes on wider regional responsibility
Thomas Brand takes on new Frankfurt-based regional executive role
FRANKFURT, March 9, 2011 — BNY Mellon, the global leader in asset management and securities servicing, has announced two new appointments to further strengthen the company's presence in Germany and the Central and South-Eastern Europe (CEE & SEE) region.
Fred Bromberg takes over as Country Executive for Germany and regional executive for the wider German Speaking and CEE & SEE region. Bromberg joined BNY Mellon in 2010 as a Senior Executive within the newly formed Strategic Client Group, a role he will retain going forward. Prior to joining BNY Mellon, Bromberg was Global Head of Sales and Relationship Management for JPMorgan's Treasury and Securities Services business.
Thomas Brand, who has served as Country Executive for Germany and regional executive for the German Speaking and CEE & SEE region, for the past 11 years, now becomes Business Executive for Financial Markets and Treasury Services (FM&TS) for the region. Encompassing BNY Mellon's Treasury Services, Corporate Trust, Alternative and Broker Dealer Services and Depositary Receipts businesses, FM&TS views the German Speaking and CEE & SEE region to be one of its key future growth areas. He will also support BNY Mellon subsidiary Pershing, the global financial business solutions provider, in the region.
Tim Keaney, Chairman of Europe at BNY Mellon, said: "Germany is one of six target global growth markets for BNY Mellon and, following our acquisition of BHF Asset Servicing last year, we are well positioned to further expand our business on a number of different fronts in this key European market over the coming year. Both Fred and Thomas will be instrumental in driving that growth strategy given the long experience and deep knowledge of German clients' needs that they bring to their new roles."
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.