BNY Mellon Names Insider CEO Of Hedge Fund Admin. Business

Nov 4 2009 | 3:46am ET

The Bank of New York Mellon has promoted Brian Ruane to head its $200 billion hedge fund administration unit.

Ruane, currently executive vice president and head of global client management for North America, will serve as the first CEO of BNY Mellon Alternative Investment Services, based in New York. In the newly-created post, Ruane will be responsible for expanding the firm’s global client relationships.

“Brian's experience and leadership will help us continue to grow, build on our strengths, and set new standards for serving clients during this transformational time in the industry," said Art Certosimo, head of broker/dealer and alternative investment services at BNY Mellon, and Ruane’s boss. "BNY Mellon's AIS business has achieved impressive revenue and market share gains the past few years, where others have struggled.”


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...