Will Focus on Regulations, Tax Matters, Governance
NEW YORK, April 6, 2011 — BNY Mellon Asset Servicing, the global leader in investment servicing, has named Michael P. McAuley to the newly created position of managing director, senior business strategist, for the Global Securities Lending Business.
McAuley, who is based in Boston and reports to Kathy H. Rulong, executive director of securities lending, is responsible for leading the securities lending business' efforts to identify and capitalize on new opportunities in a changing business, tax and regulatory environment.
"Mike McAuley has a wealth of experience working with the Securities and Exchange Commission, the Federal Reserve Bank of New York, and other important regulators," said Rulong. "In an environment of increased global regulatory activity, we recognize the importance of having a senior manager devoted to the relevant issues and developments."
McAuley had been a senior managing director for Premier Global Securities Lending and previously had been a senior managing director and the chief product officer for securities finance at State Street Bank and Trust Company. McAuley also is the chairman of the Securities Lending Committee of the Risk Management Association (RMA) and a member of the RMA board. He was awarded his bachelor's degree by Boston College and juris doctorate from Suffolk University Law School.
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 $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 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.