BNY Mellon appoints new President of markets group

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BNY Mellon has appointed Michelle Neal as President of BNY Mellon Markets Group. Most recently global head of listed derivatives, markets clearing and fixed income market structure with Deutsche Bank.

Neal brings to her leadership role at BNY Mellon a wealth of financial services industry experience across the breadth of Markets Group activities, including global fixed income, FX, equity markets, collateral services, clearing, and electronic trading. Assuming her new role on November 30th, 2015, Neal will report to Curtis Arledge, Vice Chairman of BNY Mellon.

One of BNY Mellon's fastest growing businesses since its creation just over a year ago, BNY Mellon Markets Group helps clients access capital, financing and liquidity by providing an extensive suite of foreign exchange, securities finance, collateral management and segregation, capital markets, liquidity and prime brokerage services. Neal, 41, succeeds Kurt Woetzel, who recently retired. As president of the Markets Group, she will be based at the Group's headquarters in New York.

'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', said Arledge. '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'.

A graduate of Suffolk University's Sawyer School of Management and a citizen of the U.S. and the U.K., Neal has held senior leadership positions with Nomura International, Royal Bank of Scotland, Fidessa LatentZero and Goldman Sachs. She began her career at MFS Investment Management in an analyst capacity. Her senior management responsibilities have included service as global head of electronic markets, listed derivatives and prime services and COO of execution services; global head of electronic markets and co-head of FICC prime services; director of product development & professional services; and executive director, equities electronic trading.

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