BNY Mellon expands Global Collateral Services Leadership Team in Europe, Middle East and Africa Region

Appoints James Day as Head of EMEA Securities Lending; Stephen Kiely as Head of Securities Lending Sales and Business Development; Paul Cook as Relationship Executive and Head of Secured Finance Sales

Nov 21, 2013

NEW YORK & LONDON, November 21, 2013 – BNY Mellon, the global leader in investment management and investment services, has hired James Day, Stephen Kiely and Paul Cook to join its expanding Global Collateral Services (GCS) team in the Europe, Middle East and Africa (EMEA) region. All three executives will be based in London and report to Jeannine Lehman, head of EMEA for GCS. The new executives represent an initial wave of hiring for the growing GCS business and bolster the company’s securities lending and financing services within the region.

“James, Stephen and Paul bring extensive industry experience and skills to our strong and growing Global Collateral Services team,” Lehman said. “BNY Mellon continues to invest in the collateral services, products and solutions that support our clients as they continue to grapple with extensive marketplace and regulatory change,” she added. In EMEA, GCS' future hiring plans over the next 12 months will include new roles across the business beyond securities lending, with additions to staff in the areas of sales, risk, compliance, collateral segregation and collateral optimization.

Day will become managing director and head of Securities Finance in EMEA. He will also report to James Slater, global head of securities financing for BNY Mellon. Day joins BNY Mellon from UBS where he served as executive director of UBS Investment Bank. Previously, Day progressed through a series of leadership roles with Barclays Capital where he was head of stock loan trading in EMEA and global head of stock loan marketing, as well has head of equity execution and equity finance in EMEA and Asia.

Kiely, managing director and head of securities lending sales and business development, joins BNY Mellon from Citigroup where his responsibilities included securities finance client management and sales. His previous career experience includes roles with Swapswire, HVB Corporates & Markets, UBS and Bank Austria Creditanstalt. During his 20-year career as a reservist with the Honorable Artillery Company, Kiely attained the rank of Captain.

Cook, managing director, relationship executive and head of secured finance sales, joins from Solo Capital where he was responsible for equity finance trading. At Solo Capital, Cook also coached the sales and execution teams, contributing to the strategic planning and direction of the business, profit generation and client relationships. Prior to that he held leadership roles with HSBC, Rabobank International and Salomon Smith Barney.

BNY Mellon’s Global Collateral Services business offers a comprehensive suite of capabilities to help its clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon’s products and services to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services USD$2 trillion in tri-party repo collateral globally and approximately USD$100 billion in assets through its Liquidity DIRECTSM investment portal, and operates one of the industry's largest securities lending programs, with USD$2.5 trillion in lendable assets.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of September 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration and $1.5 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on bnymellon.com or follow us on Twitter @BNYMellon.