BNY Mellon Lines Up Executives for 2013
Karen Peetz,
president,
BNY Mellon
Global custodian bank BNY Mellon has announced three executive promotions, effective Jan. 1, 2013, in an effort to grow its investment management and services businesses.
Karen B. Peetz, the current vice chairman and CEO of Financial Markets and Treasury Services will become president of BNY Mellon, officials say. In the post of president, Peetz will oversee global client management, regional management, treasury services and human resources.Peetz, who joined BNY Mellon in 1998, oversees treasury services, corporate trust, depositary receipts, Pershing, broker dealer global clearance and US Tri-Party Services. Before joining BNY Mellon, Peetz spent 16 years with JPMorgan Chase in sales and business management positions.
Timothy F. Keaney,
CEO, investment services,
BNY Mellon
Timothy F. Keaney will become CEO of Investment Services as a result of a consolidation of businesses will oversee the asset servicing, corporate trust, depositary receipts, global markets, global collateral services, broker dealer services, and Pershing units. Keaney will move up from vice chairman and CEO of asset servicing but will retain the vice chairman title, officials say.
Keaney, a 12-year veteran of BNY Mellon, manages the company’s businesses that provide institutions worldwide with global custody, global fund services, foreign exchange, securities lending, transfer agency, transition management, trustee/depot bank services, offshore fund administration, benefit disbursements, performance analytics and alternative investment services. Before joining BNY Mellon, Keaney worked at Deutsche Bank where he was responsible for sales and client management for custody, asset administration, performance measurement, asset management, funds transfer and trade finance activities.
Brian T. Shea,
president, investment services,
BNY Mellon
Brian T. Shea will take on the role of president of investment services and head of BNY Mellon’s global operations and technology group. He will also continue in his role as CEO of BNY Mellon’s Pershing subsidiary, which he joined in 1983, and as head of broker dealer and advisor services. Pershing provides financial solutions to more than 1,500 institutional and retail financial organizations and independent RIAs.
Curtis Y. Arledge will continue as vice chairman and CEO of investment management, BNY Mellon’s asset and wealth management businesses, officials say.
Peetz, Keaney and Arledge will report to Gerald L. Hassell, chairman and CEO of BNY Mellon. Shea will report to Hassell as head of global operations and technology and to Keaney in his capacity as president of investment services. The revamped executive line-up for next year will help BNY Mellon “focus on enhancing revenue growth across all economic cycles,” says Hassell in a prepared statement.
Barclays Creates Post for the U.S., Names Compliance Head
For its corporate banking team, Barclays has inaugurated the post of cash management for the U.S., and named Lincoln Fritz, an industry veteran with 25 years of industry experience, to the New York-based position, officials say.
The Fritz appointment is intended to strengthen the bank’s local corporate and transaction banking presence, officials say. In addition, the new position in conjunction with the bank’s investment banking operations will underscore Barclays’ commitment to the U.S. and its efforts to boost growth in the market.
At Barclays, Fritz will be responsible for the delivery of cash management services to multi-national companies, non-bank financial institutions, and large local U.S. corporates. He will also oversee local solutions for internationally active corporates in the U.S.
Fritz joins Barclays from HSBC Bermuda Ltd. where he was head of payments and cash management, responsible for the management and growth of the business, officials say. Fritz has also held cash management roles with HSBC U.S., JP Morgan and the former Chemical Bank.
In addition to Fritz’s appointment, Barclays in London has appointed Hector Sants to the newly created role of head of compliance and government and regulatory relations, officials say. Sants will join the executive committee of Barclays and report directly to the group chief executive Antony Jenkins. In this role, Sants will oversee all compliance activities across Barclays, including all regions in which Barclays does business. In addition, Barclays is instituting a major change by requiring all compliance staff within the bank report to one individual, and operate independent of business and regional management teams, officials say. Sants will assume the new position Jan. 21, 2013.
FINRA Adds to Board of Governors
Industry regulator the Financial Industry Regulatory Authority (FINRA) has tapped a retired Tyco International executive Carol Anthony (John) Davidson to join FINRA’s board of governors next year to fill the seat vacated by Ellyn Brown, officials say.
The 22-person FINRA board of governors has 11 public governors and 10 industry governors with the FINRA CEO filling the remaining seat.
Davidson, who served as senior vice president, controller and chief accounting officer at Tyco, brings “extensive experience and will add a key perspective as FINRA continues to address critical investor protection issues, says Richard Ketchum, FINRA chairman and CEO, in a prepared statement.
Prior to his time at Tyco which began in 2004, Davidson was a vice president, audit, risk and compliance for Dell. He also spent 16 years with Eastman Kodak Company, where he led the internal audit function. Davidson’s career began with Arthur Andersen & Co.
Former MD at KBW Joins Advisory Group of Turnaround Firm
A former managing director with New York investment bank Keefe, Bruyette & Woods, Walt Boyer has taken on the same role for the financial industry advisory services group of professional services firm Alvarez & Marsal, known for its corporate turnaround and restructuring services. Boyer will be based in Houston.
Boyer brings to Alvarez &Marsal’s community and regional bank advisory services more than 32 years of experience in commercial and investment banking, officials say. Boyer will advise buy- and sell-side clients and provide guidance to depository management teams and ownership groups to meet their strategic and tactical plans through the use of a broad array of professional services.
Boyer’s experience includes a focus on mergers and acquisitions, divestitures, advisory services and debt and equity offerings. Prior to KBW, Boyer served as former senior vice president at Amegy Bank of Texas (formerly Southwest Bank of Texas) where he was responsible for the bank’s technology and operations, officials say. He oversaw the growth of the regional correspondent banking lending department and helped guide the bank’s regional growth
Boyer also worked with JPMorgan Chase Bank (formerly Texas Commerce Bank) in Houston as a vice president and relationship manager in the treasury management division. He helped organize Texas Commerce Bank’s correspondent banking group. He also had positions at Southeast Bank of Miami, where he was responsible for their state-wide item processing operations group, and at First City National Bank in Houston, where he began his banking career.
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