NEW YORK, January 24, 2012 — BNY Mellon, the global leader in investment management and investment servicing, today announced that long-time company executive Frank Behlmer has been named to the newly created role of regional executive for Central New York, which includes oversight for BNY Mellon in Oriskany, Utica and Syracuse. He will continue to serve the company as chief operating officer for Global Operations.
"Home to more than 2,000 BNY Mellon employees, Central New York is a key hub for our global operations and technology services that support our market-leading investment management and investment servicing businesses. Bringing these locations together under Frank's considerable leadership experience provides many benefits both to our company and our employees," said Kurt Woetzel, head of global operations and technology and chief administrative officer for the company. "In addition to his leadership role within our company, Frank is also a highly regarded community leader whose efforts continue to enhance BNY Mellon's excellent reputation in Central New York."
In his expanded role, Behlmer, 54, will be responsible for the implementation of corporate initiatives within the region including operational excellence; risk management and controls; talent management and development; employee engagement; diversity and inclusion; government and community relations; and facilities planning.
Throughout Behlmer's 30-plus years with the company, he has served in a variety of increasingly critical roles and senior leadership positions. A native of Staten Island, he is a graduate of St. John's University and joined the company in 1979 as an operations management trainee. He and his wife, Patty, have lived in Central New York since 1989.
"Central New York is a strong community with a highly educated workforce. These attributes create a solid foundation for our continued success and growth in the area," Behlmer said. "Since we first created a presence in this region in 1988, our employees have enriched the communities in which they live by committing time and resources to numerous organizations and events." In 2011, BNY Mellon was named Business of the Year by the Mohawk Valley Chamber of Commerce and the Mohawk Valley Business Journal.
In his corporate role within Global Operations, Behlmer is responsible for Funds Transfer, Trade Services, Commercial Loan Operations, International Electronic Banking Support, Central Billing Unit Systems and the Payment and Trade Operations in 12 locations across the globe. BNY Mellon is the fourth largest clearer of U.S. dollar payments globally, processing 160,000 transactions daily valued at $1.5 trillion. The Trade Operations team provides letters of credit and other trade services worldwide and has been considered the best trade service providers for the past four years by Trade Finance magazine.
A member of the Clearing House Board Payments Company and the Board of Directors for the Bankers' Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), Behlmer also has served on a number of senior banking industry committees focusing on global payments and trade issues facing the U.S. and international payments systems and networks. He has also been active in local organizations and serves on the Mohawk Valley Economic Development Board of Directors, the Center State Corporation for Economic Opportunity and previously served on the United Way of the Valley and Greater Utica Area Board.
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 on www.bnymellon.com or follow us on Twitter @BNYMellon.