BNY Mellon Asset Servicing Names Two Securities Lending Execs

Jun 24 2011 | 10:23am ET

BNY Mellon Asset Servicing has named David DiNardo as chief operating officer of its securities lending business and Robert Chiuch as managing director in the securities lending business.

DiNardo, who reports to James Slater, global head of securities lending, is responsible for implementing strategic initiatives, coordinating the key functions of the business, and directing the risk and compliance requirements of securities lending.

DiNardo had been a managing director in the group with responsibility for product development and project management.  He succeeds Slater, who recently became BNY Mellon's global head of securities lending.

"David DiNardo has done an outstanding job in coordinating our efforts to bring new technology to BNY Mellon's clients, resulting in better service in a wide range of areas including trading, reinvestment and reporting," Slater said. "In his new position, he will play a key role in identifying opportunities for continuing improvements in our operations and further enhancing the experiences of our clients."

Chiuch, who also reports to Slater, had been co-head of global securities lending at CIBC Mellon, a leading provider of financial services for institutions and corporations that is jointly owned by Canadian Imperial Bank of Commerce and BNY Mellon.  He will be based in New York.

"Robert Chiuch has demonstrated strong leadership in building the global securities lending business at CIBC Mellon," said Slater.  "His knowledge of the business and his depth of experience will prove invaluable as we grow BNY Mellon's securities lending operations."

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