NEW YORK, February 1, 2012 — BNY Mellon has appointed Troy L. Kilpatrick president of The Bank of New York Mellon Trust Company, N.A., a nationally chartered trust company with 36 offices throughout the United States, effective February 1, 2012. Kilpatrick previously held the position from February 2009 to December 2010.
In his role as president, Kilpatrick will oversee the company, which delivers a broad range of trust, custody and agency services to issuers of debt and institutional investors. Kilpatrick replaces Timothy Vara, who was recently named head of the Transaction Management Group for BNY Mellon Corporate Trust.
Kilpatrick joined BNY Mellon in 1999 and is head of client and business development in the U.S. for BNY Mellon Corporate Trust. In that role, he has primary responsibility for the U.S. corporate trust business, comprising over 12,000 clients in financial institutions, corporations, insurance companies and public, not-for profit entities. Kilpatrick, who has more than 25 years experience in the corporate trust industry, has held a variety of management positions in operations, account administration and sales, and was most recently the head of global business development and marketing for BNY Mellon Corporate Trust.
"Troy has a deep understanding of the corporate trust needs of our clients and is helping to lead our efforts to develop innovative solutions. He is a well-known industry leader and the ideal choice for this strategically important position," said Eric D. Kamback, CEO of BNY Mellon's corporate trust business.
BNY Mellon Corporate Trust services $11.8 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.
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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.