Strategist brings 17 years of experience to key role in furthering BNY Mellon's development of integrated treasury and revenue cycle solutions
NEW YORK, May 12, 2011 — BNY Mellon Treasury Services today announced the appointment of Vincent Marzula as senior healthcare market manager. Serving in a newly created position as chief architect for the health care market segment, Marzula is managing a team of health care specialists responsible for developing and deploying innovative healthcare-financial management solutions that take full advantage of BNY Mellon's extensive investment management, investment services and revenue cycle offerings.
Marzula joins BNY Mellon from PNC Treasury Management, where he specialized in health care solutions. A University of Pittsburgh graduate with a degree in economics, Marzula began his career as part of a consulting group that worked extensively with the EDI group at a multi-billion global health enterprise. An ENHAC commissioner, he served on the joint HIPAA task force formed by NACHA, the American Bankers' Association and Community Bankers' Organization, and is past vice president of the Medical Banking Project. His other industry affiliations include the Health Financial Management Association (HFMA) and America's Health Insurance Plans (AHIP).
"Clinical and financial data are converging in the health care industry at an ever increasing rate amidst landmark regulatory changes," said Susan Skerritt, executive vice president and head of global product management and strategic development. "We've developed strong provider and payer client relationships based on our extensive array of healthcare, treasury and investments management offerings, and we've made a strategic commitment to helping our health care clients stay ahead of these unprecedented developments."
"Bringing a wealth of industry experience and leadership to his role as senior market manager, Vince will play a key role in maintaining and strengthening our health care momentum. He and his team will focus on leveraging the full extent of BNY Mellon's capabilities and experience to develop innovative solutions that will help clients maximize their financial strength through stronger operating margins, improved cash flow, and enhanced decision making abilities," Skerritt said.
With locations in 34 countries 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 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.