NEW YORK, May 29, 2012 — BNY Mellon, the global leader in investment management and investment services, has announced the appointment of Paul Gately as head of its global outsourcing business, which encompasses the company's OnCore integrated outsourcing solution.
Gately will report to John Lehner, who recently took responsibility for the strategic oversight of BNY Mellon's outsourcing business, reporting to Lou Maiuri, Head of Global Financial Institutions within the company's Asset Servicing business. Lehner will retain his role as President & CEO of Eagle Investment Systems, based in Boston.
Gately, who is based in New York, has over 25 years' experience in the asset management, trustee and custody spaces working for amongst others Standard Chartered Bank, AIG and Commonwealth Bank of Australia. He has held two COO roles at large global asset managers and most recently was engaged as a consultant at Eagle, focusing on its outsourcing and insurance services initiatives for BNY Mellon.
Lou Maiuri said: "We continue to see tremendous opportunity for our outsourcing services given our unique ability to span the spectrum of installed or hosted software to component based outsourcing to full BPO. Our ability to combine and deliver or breadth of services in a variety of delivery methods is resonating with the market. Under John and Paul's leadership, we anticipate this business to be a significant driver of growth for our Asset Servicing business globally."
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
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 $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 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 (NYSE: BK). 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 International unless otherwise stated as at March 31, 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.