August 22, 2011

BNY Mellon Capital Markets Expands Short-Term Fixed Income Desk


Appointments of Daniel Hill and Joseph Russo add more than 40 years of experience to commercial paper and other money market instruments trading team

NEW YORK, August 22, 2011 — BNY Mellon Capital Markets, LLC today announced that industry veterans Daniel Hill and Joseph Russo have joined its short-term fixed income desk.  Their arrival is part of BNY Mellon Capital Markets' expansion of its commercial paper activities to include primary as well as secondary dealing.  

The new additions to BNY Mellon Capital Markets' short-term desk bring a wealth of experience to their new positions.  Daniel Hill served in a number of leadership roles in the money market industry including manager of Merrill Lynch's global money markets trading and marketing business. He was involved in a number of products, including all sectors of U.S. and Euro commercial paper, bank CDs, bank notes and asset-backed medium-term notes. He holds a B.S. in business finance from California State University at Chico.  Joseph Russo's extensive international experience includes senior positions with Landesbank Baden-Wuertemberg's New York branch, where he served as head of money markets and foreign exchange trading, and Banco Bilbao Vizcaya Argentaria's New York branch, where he was head of money markets and trading.  He earned a B.S. in finance from St. John's University.    

"This expansion of our product offerings into commercial paper and other money market instruments demonstrates the strength of our commitment to providing clients with a broad range of investment opportunities," said Gary Strumeyer, President of BNY Mellon Capital Markets.  "This strategic focus on increasing the breadth of our product offerings reflects our growing role as a contributor to investment and cash management solutions provided by businesses across BNY Mellon.  These two high-caliber additions to our team are sure to accelerate our progress in this important area of our business."

A full-service broker-dealer subsidiary of BNY Mellon specializing in underwriting and sales and trading services, BNY Mellon Capital Markets, LLC (member FINRA, SIPC) is a leading provider of securities services for large public and private corporations, various governmental and not-for-profit entities, and institutional and high-net-worth investors seeking efficient execution, industry expertise with timely and relevant market commentary, and a collaborative relationship.  

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 $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 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 (NYSE: BK).  Additional information is available at www.bnymellon.com and through Twitter @bnymellon.