NEW YORK & LONDON, June 18, 2013 — BNY Mellon, the global leader in investment management and investment services, has made two new senior appointments to continue to drive the growth of its Global Collateral Services (GCS) business.
Drew Demko has returned from London to New York to become head of GCS financial institutions and intermediaries, reporting to Jonathan Spirgel, head of GCS sales and relationship management. He was previously head of Broker-Dealer Services — and more recently GCS — for the Europe, Middle East & Africa region.
Jeannine Lehman has been appointed business head of GCS EMEA, reporting to Jim Malgieri, head of GCS service delivery and GCS regions. She will also continue in her role as head of BNY Mellon's secured finance business in EMEA on an interim basis, and remains based in London.
Kurt Woetzel, CEO of Global Collateral Services at BNY Mellon, said: "Our vision for GCS is to be the first port of call for all of our clients' collateral needs through an approach that is global in scope, regional in design and local in delivery. Both Drew and Jeannine have provided outstanding leadership in EMEA since we launched the GCS business in July 2012, building strong and committed teams and working closely with our regulators. They have been instrumental in positioning BNY Mellon at the very forefront of the collateral story as we look to help our clients meet their fast-evolving needs around the management, segregation and optimization of collateral."
Global Collateral Services offers a comprehensive suite of capabilities to help our clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon's products and services to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services $2 trillion in global collateral (including tri-party repo collateral worldwide) and approximately $100 billion in assets through its Liquidity DIRECTSM investment portal, and operates one of the industry's largest securities lending programs, with $3 trillion in lendable assets.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
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 unless otherwise stated as at March 31, 2013. 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. Supervised and regulated by the New York State Department of Financial Services and the Federal Reserve. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.