LONDON, November 12, 2012 — BNY Mellon, the global leader in investment management and investment services, has appointed Alan Cottam as Regional Business Head - Corporates and Sovereigns for the Europe, Middle East & Africa (EMEA) region within its Corporate Trust business.
Cottam will be responsible for strategic oversight and development of the client relationship management team, as well as collaborating with other BNY Mellon businesses to manage the coverage, distribution and delivery of all corporate trust-related services. He will report to Dean Fletcher, Head of Corporate Trust for EMEA. Cottam previously held roles at the Depositary Trust and Clearing Corporation (DTCC), where he was Head of Relationship Management, and Lloyds TSB Financial Markets, where he was a Director within the retail sales division for almost three years.
Dean Fletcher, Regional Head of BNY Mellon Corporate Trust, said: “Alan is a seasoned industry professional with extensive experience in managing complex client needs. His ability to develop critical commercial initiatives will be invaluable in helping us support our corporate & sovereign clients as they continue to respond unprecedented market conditions across EMEA.”
BNY Mellon’s Corporate Trust business services $11.6 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 utilises its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customised 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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon unless otherwise stated as at September 30, 2012. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818 Branch office: One Canada Square, London E14 5AL. Authorised and regulated in the UK by the Financial Services Authority.