BNY Mellon Trust & Depositary (UK) Limited hires Pat Hobbs as new Head of Sales and Client Management

Jun 10, 2010

LONDON, June 10, 2010 — BNY Mellon Asset Servicing has appointed Pat Hobbs as Head of Sales and Client Management for its BNY Mellon Trust & Depositary (UK) Limited business.

Hobbs will focus on sales and marketing, targeting all areas of the funds industry, and overseeing provision of a high quality Trustee & Depositary service to all Unit Trust and OEIC managers.

Nigel Taylorson, European Head of Trustee & Depositary at BNY Mellon Asset Servicing, said: "Over the past year we have been focused on further strengthening our offering through the roll-out of leading Charles River technology as well as new online information delivery, fund asset liquidity analysis and risk management capabilities. Pat will have a key role to play in building on those achievements and we are delighted to welcome him into the team."

Prior to joining BNY Mellon, Hobbs was Head of UK Sales at RBS (Luxembourg) SA for five years. His 35-year career in finance also includes spells at consultancy group Chartron, Northumberland Group, Bankers Trust Company, Extel Financial and Hill Samuel Unit Trust Managers.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com