LONDON, March 29, 2011 — BNY Mellon Corporate Trust has appointed Robert Wagstaff as managing director, head of sales for Europe, the Middle East and Africa (“EMEA”), reporting to Troy Kilpatrick, head of global sales. Wagstaff who was previously vice president, Global Corporate Trust sales at BNY Mellon, has over 15 years capital market experience, including 11 years in corporate trust with a very successful track record in developing strategic relationships.
Previously Robert Wagstaff worked for JP Morgan in Australia where he was responsible for helping to grow its Institutional Trust Services business, relocating to London in January 2006, in a senior sales role, focusing on conduits, SIVs and the CDO/CLO market. JP Morgan’s corporate trust business was acquired by BNY Mellon in April 2006. Wagstaff has also worked at Perpetual, where he was head of securitisation, and at FAI First Mortgage. James Maitland, head of International Corporate Trust at BNY Mellon, said: “Our business in EMEA continues to thrive across several areas such as covered bonds, collateralized securities, loans and insurance trusts, and we remain the global leader in debt capital market administration and facilitation.Robert’s extensive knowledge of debt administration will be instrumental in helping our clients navigate through the new capital adequacy requirements and regulatory changes.”
BNY Mellon Corporate Trust is the world’s leading trust provider and services $12 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
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.
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 as at January 31, 2011. 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.