PITTSBURGH, June 28 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has appointed James Slater to the newly created role of managing director and chief operating officer for Global Securities Lending.
Slater will report to Kathy Rulong, executive director of Global Securities Lending, and will provide strategic direction for core securities lending functions, including securities trading and product development. Slater will be based in Pittsburgh and also work out of offices in New York, London and Hong Kong.
Slater has 20 years of experience in the financial services industry and was most recently senior vice president at CIBC Mellon, a joint venture between CIBC and BNY Mellon, responsible for its global securities lending, treasury and cash management operations. He was a member of the company's executive management committee. Slater has been with CIBC Mellon since its inception in 1996 and was a key contributor to the formation of the joint venture. Slater has an MBA from Queen's University.
"Securities lending has undergone a fundamental transformation the past three years, and James' wealth of experience will help BNY Mellon continue to strengthen its lending program while we meet our clients' and borrowers' changing needs," said Rulong. "The new COO position will further the steps we've already taken to introduce best practices, improve operating efficiency, and leverage BNY Mellon's extensive global presence and product capabilities. James will be a tremendous asset to me and our worldwide team."
Slater also will continue to provide strategic direction to CIBC Mellon's securities lending program.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company 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 $22.4 trillion in assets under custody and administration and $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Learn more at bnymellon.com.
SOURCE BNY Mellon