NEW YORK, January 29, 2014 — BNY Mellon, a global leader in Investment management and investment services, has appointed John Gannon head of business development for Banking Transaction Services (BTS). Reporting to Jeff Horowitz, managing director and head of North American sales & relationship management for BNY Mellon’s Treasury Services group, Gannon will focus on growing BTS in North America and expanding its scope to support clients on a global basis.
BTS is a comprehensive suite of payment outsourcing services that enable brokerage firms and other providers of wealth and asset management services to offer banking solutions, including debit cards, bill-pay, rewards programs, and other value added solutions.
“The successful integration of BNY Mellon’s treasury services capabilities with the extensive array of banking transaction services we acquired as part of Global Investment Servicing several years ago has been a win-win for us and for BNY Mellon’s investment services clients,” said Jeff Horowitz. “John’s experience in our industry and familiarity with the needs of BNY Mellon’s largest and most sophisticated clients make him the ideal leader to build on our momentum in the BTS space and help us deliver our capabilities on a global basis.”
Gannon joined BNY Mellon in 1998, serving since then in a series of increasingly responsible management positions in operations, product management and sales & relationship management. In 2013 he was appointed business executive for BNY Mellon’s Treasury Services business; in that position he played a leadership role in the delivery of treasury services to top-tier clients across the BNY Mellon enterprise.
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. The company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
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 September 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 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.