LONDON, 21 September 2011 — BNY Mellon, a global leader in investment management and investment services, today announced the appointment of Dean Fletcher as regional head of BNY Mellon Corporate Trust, Europe, Middle East and Africa ("EMEA"). Fletcher continues to report to James Maitland, head of Client & Business Development for EMEA and Asia Pacific ("APAC").
Fletcher had been serving as co-head of EMEA for Corporate Trust with Joe Duffy. Duffy remains chief executive officer of The Bank of New York Mellon (Ireland) Limited and will continue to focus on the growth of BNY Mellon's Irish businesses in his capacity as Country Executive for Ireland.
"In Dean, we have a strong business leader whose strategic insight has helped us anticipate market opportunities and deliver the capabilities of the whole company to our clients," said Maitland. "He has been instrumental in overseeing our focus on delivering high quality service and tailored solutions while navigating through challenging market conditions across the region."
Fletcher joined BNY Mellon in 2008 as head of Structured Products, Corporate Trust, EMEA. He has significant experience in managing a portfolio of market-leading business lines that have provided a full range of trustee, agency and administration services across the debt capital markets. Prior to joining BNY Mellon Fletcher spent five years with JPMorgan Chase Worldwide Securities Services as Business Head for Structured Finance Services and then Global Head of Risk, based in New York. This was followed by three years at Barclays Capital Services Ltd as Global Head of Operational Risk.
BNY Mellon Corporate Trust services $11.9 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
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 $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 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). Learn more at www.bnymellon.com and through Twitter @bnymellon.
This press release is issued by The Bank of New York Mellon to members of the financial press and media do not constitute investment, legal, tax or other advice or a recommendation to enter into any transaction or an offer or an agreement, or a solicitation of an offer or an agreement, to enter into any transaction (including, without limitation, for the provision of any services). All information and figures source The Bank of New York Mellon as at 30 June 2011 unless otherwise stated. Products and services may be provided by various subsidiaries and joint ventures of The Bank of New York Mellon Corporation, which may include The Bank of New York Mellon, a banking corporation organised and existing pursuant to the laws of the State of New York and operating through its branch at One Canada Square, London E14 5AL, England. Registered in England and Wales with FC005522 and BR000818 and authorised and regulated in the UK by the Financial Services Authority. ©2011 The Bank of New York Mellon Corporation. All rights reserved. England and Wales with FC005522 and BR000818