BNY Mellon, a global leader in investment management and investment services, today announced a reorganization of its Asset Servicing management team.
Vince Sands was named deputy CEO of BNY Mellon Asset Servicing reporting to Tim Keaney, Vice Chairman and Chief Executive Officer of BNY Mellon Asset Servicing. Samir Pandiri, previously CEO of BNY Mellon Shareowner Services replaces Mr. Sands as Head of the America's Asset Servicing business and will report to him. Lou Maiuri, previously head of outsourcing is named as head of the Global Financial Institutions business.
Maiuri takes over from Nadine Chakar who becomes Global Head of BNY Mellon's Derivatives360(sm) business. Chakar will report to Karen Peetz, Vice Chairman and Chief Executive Officer of Financial Markets and Treasury Services at BNY Mellon.
Hani Kablawi was named as Head of EMEA Asset Servicing, replacing Frank Froud who is leaving the company. Kablawi has recently acted as head of Client Management for the EMEA region. Both Maiuri and Kablawi will report to Tim Keaney. Chong Jin Leow, Head of Asia Pacific Asset Servicing, will continue to report to Keaney.
Keaney said the changes will allow BNY Mellon to build its asset servicing business globally. It currently offers clients worldwide specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
BNY Mellon is a global financial services company operating in 36 countries and serving more than 100 markets with $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management. The firm also services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day.