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Rating:Post-Deal, BNY Mellon Reveals Roles for Wynne, Wolcott Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 06, 2010

Post-Deal, BNY Mellon Reveals Roles for Wynne, Wolcott

Reported by Armie Margaret Lee

Fresh from completing its $2.31 billion acquisition of PNC Global Investment Servicing, BNY Mellon Asset Servicing has created a new global financial institutions group dedicated to the mutual fund, banking and insurance sectors.

Steve Wynne
BNY Mellon Asset Servicing
CEO, U.S. Funds Services
Steve Wynne, formerly CEO of PNC GIS, will become CEO of U.S. Funds Services. Nancy Wolcott, previously president of PNC GIS, will become head of U.S. Funds Services.

Lou Maiuri, who currently serves as global head of outsourcing at BNY Mellon Asset Servicing and chairman of Eagle Investment Solutions, will have a broader role as head of U.S. financial institutions within the global financial institutions group.

Nadine Chakar, most recently head of Europe Middle East and Africa, will run the global financial institutions group. She will continue to report to Jim Palermo and Tim Keaney, co-CEOs of BNY Mellon Asset Servicing.

Nancy Wolcott
BNY Mellon Asset Servicing
Head of U.S. Funds Services
Meanwhile, Frank Froud, who led client management for the U.S. at BNY Mellon, will become the new head of EMEA Asset Servicing.

Tuesday's news comes on the heels of the close of BNY Mellon's acquisition of PNC GIS on July 1. 

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