BNY Mellon Expands Its Global Collateral Services

BNY Mellon

BNY Mellon has made two new senior appointments to continue to drive the growth of its Global Collateral Services (GCS) business.

Drew Demko has returned from London to New York to become head of GCS financial institutions and intermediaries, reporting to Jonathan Spirgel, head of GCS sales and relationship management. He was previously head of Broker-Dealer Services – and more recently GCS – for the Europe, Middle East & Africa region.

Jeannine Lehman has been appointed business head of GCS EMEA, reporting to Jim Malgieri, head of GCS service delivery and GCS regions. She will also continue in her role as head of BNY Mellon’s secured finance business in EMEA on an interim basis, and remains based in London.

Kurt Woetzel, CEO of Global Collateral Services at BNY Mellon, said: 'Our vision for GCS is to be the first port of call for all of our clients’ collateral needs through an approach that is global in scope, regional in design and local in delivery. Both Drew and Jeannine have provided outstanding leadership in EMEA since we launched the GCS business in July 2012, building strong and committed teams and working closely with our regulators. They have been instrumental in positioning BNY Mellon at the very forefront of the collateral story as we look to help our clients meet their fast-evolving needs around the management, segregation and optimization of collateral'.

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