NEW YORK, June 16, 2014 — BNY Mellon announced that its dedicated managed accounts provider, HedgeMark, has added three new senior executive positions. Bill Santos, global head of business development; Maxine Alexis, head of the legal consulting group; and Neil Novembre, head of fund accounting, have all joined the firm.
Santos will be responsible for global business development, marketing, and relationship management. Alexis will oversee all legal matters relating to the structuring and operation of HedgeMark’s Dedicated Managed Account (DMA) solution, while Novembre will oversee fund accounting operations for DMA.
In February, BNY Mellon announced an agreement to acquire its remaining ownership interest in HedgeMark. The deal was completed in early May.
“We’ve seen increased demand in the institutional marketplace for our services, and Bill, Maxine and Neil’s specialized expertise will be integral to our growth,” said Andrew Lapkin, CEO of HedgeMark. “They bring considerable experience in the managed account business, and we’re excited about adding such talented industry veterans to our team.”
With more than 25 years’ experience, Santos joins HedgeMark from Kenmar Olympia Group where he was senior managing director and head of institutional business development for the Americas and Japan. Alexis has over 15 years’ experience and joins from Deutsche Bank where she was a senior legal counsel and most recently served as global co-head of DB’s alternatives legal practice group. Novembre, with 17 years in the industry, served as chief financial officer of DB Advisors Hedge Fund Group, responsible for their fiduciary business of domestic and offshore funds and managed accounts.
HedgeMark, a wholly-owned company of BNY Mellon, is a specialist in the structuring, oversight, and risk monitoring of hedge fund investments. HedgeMark offers dedicated managed account solutions to institutional investors seeking increased customization, transparency, control and governance around their hedge fund investments.
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
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 35 countries and more than 100 markets. As of March 31, 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 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 (NYSE: BK). Learn more at bnymellon.com, or follow us on Twitter @BNYMellon.
Contact: Malcolm Borthwick
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