Wednesday, 25 November 2015
Last updated 2 hours ago
Jan 26 2011 | 10:46am ET
Fund administration firm BNY Mellon Alternative Investment Services has named Alan Flanagan head of global product management.
Flanagan will continue to be based in Dublin and will report to Brian Ruane, BNY Mellon AIS chief executive officer.
“In his new role, Alan will only sharpen our ability to deliver timely, innovative products—such as our asset validation-price verification service—that help fund managers satisfy today’s investor audience,” said Ruane.
“Alan will lead a global team focused on leveraging and integrating capabilities across our business – from administration and risk reporting to cash and collateral management. New offerings like prime custody and rising demand for middle-office outsourcing will also drive growth in the years ahead,” Ruane added.
Flanagan has served as interim head of AIS global product management since June, while continuing in his role managing the group’s private equity administration product set. He also was primary lead for the European integration of the PNC Global Investment Servicing business, acquired by BNY Mellon in July 2010, and has been instrumental in developing plans for the BNY Mellon and GIS banking entities in Ireland and Luxembourg.
Flanagan replaces Rick Stanley, who was named executive vice president of BNY Mellon’s Global Structured Finance Group last June. Flanagan, a member of the Institute of Chartered Accountants in Ireland, joined BNY Mellon in 2008.
BNY Mellon AIS currently has more than $350 billion in assets under administration. In addition to administration the company offers a wide range of accounting, cash management, collateral management, custody, corporate trust, asset management and wealth management services to the hedge fund industry.
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