April 18, 2011

BNY Mellon Appoints Jorge Garay as General Manager of BNY Mellon in Mexico


Jose Elias Sahab named Head of Sales for Mexico and Colombia

NEW YORK, April 18, 2011 — BNY Mellon, the global leader in investment management and investment services, has appointed Jorge Garay as General Manager of BNY Mellon in Mexico and manager of the company's corporate trust business in Mexico.    

Based in Mexico City, Garay will oversee the continued expansion of the company's local capabilities and presence and will be responsible for operations, client service delivery and general management of BNY Mellon Corporate Trust in Mexico.  Prior to joining the company, he worked at Banco Santander (Mexico), where he was head of the Trust Division.  Before that, Garay worked at ABN AMRO Bank (Mexico), HSBC Bank (Mexico) and Banorte (previously Banpais).  Garay reports to Sonia Chaliha, managing director of the Global Americas region for BNY Mellon Corporate Trust.

BNY Mellon Corporate Trust has also named Jose Elias Sahab to its Global America sales team as Head of Sales, Mexico and Colombia.  Based in Mexico City, he will be responsible for developing the firm's debt capital markets business throughout the region.  Prior to joining the company, Sahab worked at Petroleos Mexicanos (PEMEX), where he was General Counsel of Finance.  Before that, he was Chief of Staff at the Ministry of Public Control (formerly known as SECODAM).  Sahab reports to Erin Courcey, managing director and head of sales for Canada and Latin America at BNY Mellon Corporate Trust.

"International expansion continues to be one of our strategic priorities, and these appointments reflect our commitment to growing our franchise in Mexico," said Chaliha.  "Both Jorge and Jose are industry veterans with deep understanding of the financial marketplace in Mexico and their appointments significantly improve our ability to meet our clients' needs."

BNY Mellon has had a presence in Mexico since 1995, largely focused on marketing the company's depositary receipt, global payment, global trade and corporate trust services.  In 2008, the company received its banking license to operate a subsidiary, The Bank of New York Mellon, S.A., to serve the needs of debt issuers in Mexico.

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 $25.0 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 (NYSE: BK).  Additional information is available at www.bnymellon.com.