April 21, 2011

BNY Mellon Appoints Susan Skerritt and Alan Verschoyle-King to Treasury Services Leadership Team Positions

Skerritt to lead global product management and strategic development, Verschoyle-King to head global sales & relationship management

NEW YORK, April 21, 2011 — BNY Mellon, the global leader in investment management and investment services, today announced two BNY Mellon Treasury Services leadership team appointments, with Susan Skerritt now leading Global Product Management & Strategic Development for Treasury Services, and Alan Verschoyle-King  named head of Global Sales & Relationship Management.  Both will report directly to J. David Cruikshank, chief executive officer of BNY Mellon Treasury Services.

Formerly head of business strategy, development and investment for BNY Mellon's Financial Markets and Treasury Services (FMTS) group, Skerritt replaces Al Briand, who assumed duties earlier this year as chief administrative officer for BNY Mellon's Corporate Trust business.  Verschoyle-King moves into his new role from his current position as head of BNY Mellon Treasury Services for EMEA.  Verschoyle-King 's replacement has not yet been announced; Skerritt's FMTS responsibilities will be assumed by Jean Wynn, chief administrative officer for FMTS.

"These appointments reflect our strategic emphasis on integrating treasury services innovations into client solutions on a truly global basis," said Karen Peetz, vice chairman and chief executive officer of BNY Mellon's Financial Markets and Treasury Services organization. "Susan's experience managing innovation projects at the group level is a perfect complement to Alan's experience managing treasury services delivery in global market spaces.  They are outstanding additions to our Treasury Services leadership team."

Skerritt moved to BNY Mellon in 2006 from Treasury Strategies, Inc., where as partner she was responsible for the Corporate Consulting practice.  Holding a BA from Hamilton College and an MBA from New York University, she has also served in treasury services-related positions with Manufacturers Hanover Trust Company, Ernst & Young and Morgan Stanley.  Verschoyle-King joined BNY Mellon in 2006 after six years with ABN AMRO Bank in London, where he served as Head of Working Capital Management for EMEA.  He has also held senior treasury services positions with Bank of America and Citibank.  He holds a law degree and MS in finance from the University of Edinburgh, Scotland, and is a frequent speaker at industry conferences and contributor to industry publications.  

With locations on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon Treasury Services delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies.  Processing more than $1.7 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.  BNY Mellon's FMTS group includes Alternative Investment Services, Broker-Dealer Services, Clearing, Corporate Trust, Depositary Receipts, Derivatives360, Pershing, and Shareowner 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 $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.