Brian Ruane to become CEO of Alternative and Broker-Dealer Services
NEW YORK, May 10, 2011 — BNY Mellon, the global leader in investment management and investment services, today announced the appointment of Arthur Certosimo as CEO of Global Markets. Certosimo, who is currently CEO of Alternative, Broker-Dealer and Treasury Services, will succeed Richard Mahoney, who is retiring at the end of June as previously announced. Certosimo will report to Gerald Hassell, president of BNY Mellon.
Certosimo currently oversees hedge fund and derivatives servicing, securities clearance, collateral management and treasury services. In his new role, he will lead the company's foreign exchange, capital markets and derivatives trading businesses worldwide.
Brian Ruane, who is currently head of Alternative Investment Services, will become CEO of Alternative and Broker-Dealer Services, reporting to Karen Peetz, vice chairman and CEO of Financial Markets & Treasury Services. David Cruikshank, CEO of Treasury Services, who currently reports to Certosimo, will now report to Peetz.
"Art's outstanding track record in establishing leadership positions in the businesses he oversees, along with the widespread respect and recognition he has earned in our industry, makes him the ideal choice to lead the continued growth and success of our Global Markets businesses," said Hassell.
Certosimo serves as a member of the board of directors of DTCC, Promontory Interfinancial Network, CMET Finance Holdings and International Derivatives Clearing Group (IDCG). He also serves on a number of key industry committees. Prior to joining BNY Mellon in 1998, he held senior roles at Morgan Stanley and Chase Manhattan.
Ruane, who joined BNY Mellon in 1993, served in key roles within the company's Global Client Management division before being named CEO of Alternative Investment Services in 2009. He is a member of the advisory boards of The UCD Michael Smurfit Graduate School of Business in Dublin and The Frank G. Zarb School of Business in New York.
"Brian has led the rapid expansion and growth of Alternative Investment Services and has worked closely with Art on developing the strategic direction for the combined businesses he will now oversee," said Peetz.
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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.