SunGard and BNY Mellon fill top posts for treasury-related businesses while Calpers has a new legislative affairs chief.
SunGard Promotes Company Veteran to Treasury Business President
Andrew Bateman, president, SunGard’s treasury solutions & energy businesses
SunGard Financial Systems reports the appointment of Andrew Bateman, a company veteran, to the post of president of its treasury business unit.
Bateman, who is now president of SunGard’s treasury solutions and energy businesses, has spent more than 15 years at the Wayne, Pa.-based financial software and IT services specialist, “helping the company expand globally into new market sectors with innovative services and solutions,” SunGard says.
“He has held leadership roles in global account management and international distribution as well as the EMEA treasury business. For the past three years Bateman has served as the president of SunGard’s Energy business,” officials add.
Before that, Bateman was executive vice president of global accounts, chief operating officer (COO) of international distribution, and managing director of SunGard’s AvantGard solution for EMEA. Prior to joining SunGard, Bateman worked at KPMG Information Solutions/GIS and Rolls‐Royce, according to a SunGard statement.
“I appointed Andrew to help drive innovation and expansion within our Treasury business,” Group President Scott Coffing says in the statement. “Following recent developments including the integration of payments and treasury, the move to SaaS [software as a service] and the expansion of managed services, we are looking to deliver new and exciting advancements to this space.”
SunGard reports annual revenues of $2.8 billion and approximately 13,000 employees serving approximately 14,000 customers in more than 100 countries.
Former Calstrs Official Joins Calpers as Legislative Affairs Chief
The California Public Employees’ Retirement System (Calpers) has named Mary Anne Ashley to be the new chief of its legislative affairs division.
Ashley, who will begin at Calpers on October 19, will report to Doug McKeever, deputy executive officer for benefit programs, policy and planning. She replaces Daniel Brown, who left the pension fund in May.
Ashley was previously director of government relations for the California State Teachers’ Retirement System (Calstrs), “where she held various legislative and governmental posts since 2007,” according to a CalPERS statement, which notes also that in her new post, “she will be responsible for the overall administration of the Legislative Affairs Division, providing strategic policy direction on both state and federal legislative matters covering a broad spectrum of pension, health care, and investment issues.”
She began at Calstrs as a legislative affairs manager, rising to director of governmental relations, “where she advised the Calstrs board on pending legislation and communicated the teacher’s pension fund’s position and concerns on legislation to members of the state Legislature,” according to the Calpers statement. She previously served on the staff of the Managed Risk Medical Insurance Board and the Department of Social Services.
The pension fund, with a total fund market value that currently stands at approximately $288 billion, serves more than 1.7 million members, Calpers says, and it administers benefits for more than 1.4 million members and their families, which makes the largest defined-benefit public pension system in the U.S.
BNY Mellon Appoints Senior Payments Product Manager for Treasury Services
Sindhu Vadakath, senior payments product manager, BNY Mellon
BNY Mellon has appointed Sindhu Vadakath senior payments product manager for BNY Mellon’s treasury services business in Asia Pacific, officials say.
Vadakath will be responsible for APAC-related global payments products, and will serve as product development lead on multicurrency service enhancements related to Asian markets, BNY Mellon says in a statement, noting also that Vadakath “joined BNY Mellon in 2010 from Citibank NA, and has more than 16 years of financial industry experience, serving in a variety of roles ranging from operations management and product and project implementation to large strategic initiatives in operations and technology.”
Based in Singapore, Vadakath will be responsible in her new role for payments-related strategic planning, product development, marketing, and financial performance in APAC, officials say.
“Bolstering our presence as a global payments provider in the growing Asian market is a strategic priority for our treasury services business,” Michael Bellacosa, managing director and head of global payments for BNY Mellon’s treasury services business, says in the statement. “Sindhu will be a key member of our global payments product management team, and will work closely with our regional sales and relationship and market management teams in the region to deliver APAC-attuned payment solutions to our global clients.”
BNY Mellon has $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management, according to the investments company’s statement, which also points out that its treasury services business processes transactions in more than 120 currencies, and that the company is a top-five participant in both the Clearing House Interbank Payments System (CHPS) and the overall funds transfer markets.
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