New role for experienced leader in transaction banking highlights series of appointments in strategic sales and product development areas
NEW YORK, September 23, 2016 – BNY Mellon, a global leader in investment management and investment services, has appointed Dominic Broom global head of trade sales for the company's Treasury Services business. The new role for Broom, an experienced transaction banking leader who previously served as head of sales & relationship management for EMEA, highlights a series of Treasury Services appointments focused on key areas of sales and product development.
Other appointments announced by BNY Mellon's Treasury Services business include Elaine Friedman moving into a new role as head of global product planning, analysis and strategic support; Chris Mager named head of global innovation; Mark Ridley named to a new position as head of financial institutions sales & relationship management for North America; and Joanne Scheier appointed head of corporates sales & relationship management for North America.
"Trade services are fundamental to many of our banking relationships, and this new responsibility for Dominic reinforces the commitment we made to the space last fall when Joon Kim joined our trade team as global head of trade product management," said Ian Stewart, executive vice president and chief executive officer of BNY Mellon's Treasury Services business. "Dominic and Joon are bringing an extraordinary depth of experience and expertise to our support for clients in the trade space. Their collaboration is characteristic of what's driving all of the changes we're announcing today: making sure we have outstanding sales and product leaders positioned in all of our key market segments, and relying on their leadership to enhance our clients' experience with BNY Mellon."
Holding an Honours Law degree from the University of London, Broom began his banking career in 1994 with the Chase Manhattan Bank's MBA training program. He later served with Warburg Dillon Read in London, GE Capital's European Equipment Finance division, and ABN AMRO in Amsterdam before joining BNY Mellon in 2006. Formerly the strategy and innovation team leader for Treasury Services, Friedman joined BNY Mellon in 1981. Since then, she has held various positions in technology, product management, sales, and operations. A veteran of nearly 30 years of service with BNY Mellon, Mager previously was the head of market segments, leading a team responsible for strategic development, industry expertise, new product development, sales and marketing strategy, and segment governance. Ridley joined BNY Mellon in October 2015 from Deutsche Bank in London where he was the Head of Northern Europe, Cash Management Sales. During his 25-year banking career, he has also held positions with Wells Fargo, JPMorgan and Nordea Bank. Corporate segment market manager before her current appointment, Scheier has served in a number of leadership roles during her more than 30 years with BNY Mellon, including global head of account management and client onboarding, global head of client support, and chief administrative officer of Treasury Services.
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services business delivers high-quality performance in global payments, trade services and cash management. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing payment transactions in more than 120 currencies, the company is a top-five participant in both the CHIPS and overall funds transfer markets. The company is also a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
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 June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or administration, and $1.7 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). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.