NEW YORK, January 19, 2012 — BNY Mellon, the global leader in investment management and investment services, today appointed Nadine Chakar as head of its Derivatives360(SM) business, which comprises a broad array of offerings for issuers and investors involving the execution and processing of derivatives.
Reporting to Karen Peetz, vice chairman and chief executive officer of BNY Mellon's Financial Markets and Treasury Services division, Chakar succeeds Patrick Tadie, who has been named business executive for the company's Alternative and Broker-Dealer Services businesses.
Chakar, with more than 20 years of progressive experience within BNY Mellon, was most recently the head of the Global Financial Institutions group within the Asset Servicing business.
"At a time of unprecedented market and regulatory change in the derivatives markets, Nadine's proven leadership and abilities will ensure that we continue to meet the evolving needs of our clients as we expand our derivatives offerings globally," said Peetz.
Since joining the company in 1989, Chakar has held a variety of senior management positions at BNY Mellon, including as executive vice president and head of the Europe, Middle East and Africa region for the company's Asset Servicing division. She also served as chair of the Executive Committee of The Bank of New York Mellon SA/NV, headquartered in Brussels, and chair of the Supervisory Board of BNY Mellon Asset Servicing B.V., headquartered in Amsterdam. She also managed the successful joint venture between Mellon Financial and ABN Amro Bank.
Derivatives360 includes trading and execution, derivatives middle office outsourcing services and back-office recordkeeping services. Middle Office services available through Derivatives360 include collateral management, affirmation and confirmation, independent (third-party) valuation, portfolio reconciliation and lifecycle event management. The company's back-office recordkeeping services include custody, accounting, cash collateral reinvestment and consolidated reporting.
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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 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 or follow us on Twitter @BNYMellon.