January 15, 2015

BNY Mellon Appoints Alan Evanish Product Line Manager for Paper Receivables

Experienced product and operations manager will lead delivery of wholesale and retail lockbox services provided by BNY Mellon's Treasury Services business

NEW YORK, January 15, 2015 — BNY Mellon, a global leader in investment management and investment services, has appointed Alan Evanish as Product Line Manager for Paper Receivables.  Reporting to Paul Simons, head of Supply Chain Management for BNY Mellon's Treasury Services business, Evanish will be responsible for managing BNY Mellon's delivery of wholesale and retail lockbox services.

Evanish brings more than 20 years of experience in both product and operations management to his new position.  He was extensively involved in the streamlining and consolidation of BNY Mellon's lockbox operations several years ago, and has played a key role in the development and implementation of advanced imaging, OCR and payment information management capabilities.  Before being named to his current position he was senior product manager for Supply Chain Management's Corporate Receivables Product Management group. 

"Alan's extensive background in lockbox services from both a product and operations perspective makes him an excellent addition to our Supply Chain Management leadership team," said Paul Simons.  "Paper-based invoicing and payments still account for a substantial portion of payment activities, especially with business-to-business transactions.  Alan's sure to play an important role in our continued development of solutions that can both better support our clients' treasury operations and also advance us toward our tactical and strategic receivables objectives."

A Certified Treasury Professional, Evanish holds a BA in business management from Robert Morris University.  During his career he has worked in a variety of lockbox-related capacities, and has contributed to development of strategies, systems, services and key business alliances related to BNY Mellon's delivery of lockbox services as part of treasury services solutions for health care, corporate and other key market segments.

With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services business delivers high-quality performance in global payments, trade services and cash management. It helps clients optimise cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. A leader in remittance processing for more than 50 years, BNY Mellon operates a network of remittance processing sites that includes facilities in Chicago, Dallas, Los Angeles and Pittsburgh.  The nationwide scope of the network helps minimize the float and maximize funds availability, and uniform operations procedures and standardized hardware and software provide high levels of backup and redundancy across the network.  Advanced imaging technologies provide several automated forms of character recognition and enable Web-based access to images through a proprietary archival solution.  BNY Mellon can also provide lockbox solutions that integrate paper-based remittance processing with a variety of electronic receivable services.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.