Global Head of Securities Tax and Client Solutions
Lorraine works for BNY Mellon as Managing Director, Global Head of Securities Tax and Client Solutions where she provides custody tax technical support to BNY Mellon’s clients. Key to this is ensuring consistent tax servicing policy and integration of tax risk into the banks wider business agenda.
With an extensive career in Asset Servicing, primarily focusing on custody tax matters, Lorraine is an active participant in global initiatives focusing on simplification and harmonization of tax relief and tax compliance procedures for cross border portfolio investors, including the work of the EU Commission and the OECDs TRACE Group. She is current chair of the EBFs Tax Reporting and Information Exchange Committee and an active member of the Association of Global Custodians Tax Issues Committee, both groups work regularly with tax authorities to eliminate or minimize existing discrepancies in the current tax relief processes and regimes from jurisdiction to jurisdiction.