BNY Mellon has secured the services of Michelle Neal as its newest President of BNY Mellon Markets Group, whose appointment is slated to take effect on November 30, 2015, according to a BNY statement
In her new role as the President of BNY Mellon Markets, Ms. Neal will focus on managing the multi-asset operations of the group, namely across fixed income, foreign exchange (FX), equities, and clearing services, among others. She will be reporting to Curtis Arledge, Vice Chairman of BNY Mellon.
She will be joining one of the BNY Mellon Markets Group, which is one of the fastest growing segments of the group’s business. Ms. Neal will be succeeding Kurt Woetzel, who recently vacated the role after retiring earlier this year – she will also be based out of the group’s New York headquarters.
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Ms. Neal lands at BNY Mellon from Deutsche Bank, having most recently served as its global head of listed derivatives, markets clearing, and fixed income. She has held several senior roles at Nomura International, Royal Bank of Scotland (RBS), Fidessa, and Goldman Sachs.
According to Mr. Arledge in a recent statement on the appointment, “The Markets Group’s extraordinary success demonstrates how well the Group’s extensive and complementary capabilities align with the needs of investors in today’s evolving market landscape.”
“Michelle’s leadership experience, especially as it relates to innovation in electronic trading and her expertise across the entire spectrum of Markets Group activities make her the perfect leader to continue to drive the Markets Group’s strong performance,” he added.
BNY has been in the news recently after it suffered a massive breakdown in its net asset values (NAVs) system. The glitch was estimated to have affected nearly 5% of US mutual funds and ETFs last week, totaling around $404 billion in assets.