BNY Mellon Alternative Investment Services Appoints Two to New Global Roles

Lewin to head Global Sales; Farlese to head Global Service Delivery

New positions reflect expanding hedge fund services business

Oct 13, 2010, 08:05 ET from BNY Mellon

NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- BNY Mellon Alternative Investment Services (AIS), a leading hedge fund service provider with more than $350 billion in assets under administration, announced that Marina Lewin has been named head of Global Sales and that Steve Farlese has been named head of Global Service Delivery.  Both are new positions within the business.  Lewin and Farlese will continue to be based in New York City and report to Brian Ruane, BNY Mellon AIS chief executive officer.  

"The alternative asset management business is undergoing enormous change, and Marina and Steve have the knowledge and skills to help us both navigate these waters and maintain our strong growth around the world," said Ruane.  "Each has long been a key contributor to our success serving clients' varied and complex needs – a success that has led to us tripling our assets under administration in just over three years."

Lewin will oversee new business development teams globally across all AIS business areas – hedge funds, private equity, and fund of funds administration and custody.  Lewin has spearheaded several highly acclaimed white papers on the hedge fund industry the past few years in conjunction with Casey, Quirk & Associates.  She is a frequent speaker at industry events and serves as media spokesperson for BNY Mellon's alternatives business.  Before joining BNY Mellon in 2000, Lewin held senior roles at JPMorgan and Deutsche Bank in operations management, product management and product development.

Farlese will have responsibility for all aspects of global operations within AIS, including NAV production, investor services, portfolio accounting, and all other operational client deliverables for single manager, fund of funds, and private equity products.  He has been with BNY Mellon for 15 years, formerly responsible for managing unit investment trust services and exchange traded funds.

BNY Mellon Alternative Investment Services – a leading service provider for alternative assets, including single manager hedge funds, funds of hedge funds, and private equity – has more than $350 billion of assets under administration and an extensive global presence, including locations in Bermuda, the Cayman Islands, Guernsey, Hong Kong, Ireland, Japan, Luxembourg, Poland, Singapore and the United Kingdom, as well as U.S. offices in five states.  In addition to alternative asset administration, BNY Mellon offers a wide range of cash management, foreign exchange, collateral management, trust, operational outsourcing and custody services to the alternative investment industry.

BNY Mellon (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Learn more at www.bnymellon.com.

SOURCE BNY Mellon



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