Doug Magnolia has over 30 years' experience in banking and capital markets in New York and London.
He is currently a managing director at BNY Mellon in the Investment Services group. He looks after a few important, emerging opportunities for the Company, both in Fintech and digital solutions. Specifically, he is the CEO and co-founder of Sumday Administration, LLC, a wholly owned subsidiary of BNY Mellon. Doug is also an Advisor to Fintech Collective, a New York-based early stage VC.
Prior to that he was working in a Strategy role for the Investment Management division focusing on digital transformation and retail solutions. Earlier he worked in the Office of The President looking at longer-term strategic opportunities for the company as a whole. Prior to that Doug was President and CEO of QSR Management, Ltd., a wholly owned subsidiary of BNY Mellon; he remains on the board of Directors. While leading QSR, Doug was able to capitalize on QSR’s unique expertise during the financial crisis in 2007/08 enabling QSR to play an instrumental role in a number of financial stability programs, notably as the Financial Agent for the U.S. Treasury TARP program, PPIP and for the N.Y. Federal Reserve Bank’s TALF and Maiden Lane II & III programs. Douglas has been involved with the Structured Credit market since the late 90’s. Prior to that he worked in different areas from Syndicated Lending to International Project Finance; concentrating on new products and business development, his entrepreneurial strengths have enabled him to develop and build several successful business lines.
Doug holds a B.A. in Economics from the University of Massachusetts at Amherst.