Tuesday, 3 May 2016
Last updated 18 hours ago
May 11 2011 | 9:01am ET
BNY Mellon has tapped Arthur Certosimo to succeed Richard Mahoney, who retires in June, as CEO of global Markets.
Certosimo, who is currently CEO of alternative, broker-dealer and treasury services, will report to Gerald Hassell, president of BNY Mellon.
Certosimo currently oversees hedge fund and derivatives servicing, securities clearance, collateral management and treasury services. In his new role, he will lead the company’s foreign exchange, capital markets and derivatives trading businesses worldwide.
Brian Ruane, who now heads alternative investment services, will take over as CEO of alternative and broker-dealer services.
“Art’s outstanding track record in establishing leadership positions in the businesses he oversees, along with the widespread respect and recognition he has earned in our industry, makes him the ideal choice to lead the continued growth and success of our Global Markets businesses,” said Hassell.
Certosimo serves as a member of the board of directors of DTCC, Promontory Interfinancial Network, CMET Finance Holdings and International Derivatives Clearing Group (IDCG). He also serves on a number of key industry committees. Prior to joining BNY Mellon in 1998, he held senior roles at Morgan Stanley and Chase Manhattan.
BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals with $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management.