NEW YORK, April 27, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has named Suresh Kumar as its chief information officer (CIO), effective immediately. Currently CIO for the company's Financial Markets and Treasury Services businesses, as well as its Pershing LLC unit, Kumar is a member of the company's global Operating Committee and reports to Kurt D. Woetzel, BNY Mellon's head of global operations and technology, and also its chief administrative officer. Kumar, 54, joined the company in 1986 and in this new position will oversee the implementation of technology strategy, application development and technology infrastructure.
"We are fortunate to have a leader of this caliber to help us meet the technology needs of our clients and our company. Suresh brings to this critical role more than 25 years of experience leading complex technology initiatives and organizations within our company, as well as a market reputation for delivering innovative, state-of-the art solutions to clients," Woetzel said. "Suresh also is a proven champion of cross-business initiatives, including the development of technology as a competitive advantage and as a driver in achieving operational excellence."
Suresh was the chief architect of Pershing's innovative, open-architecture technology platform NetX360, which is recognized throughout the industry and by our clients for its innovation, powerful applications and ease of use. He also was key to establishing iNautix Technologies India Private Limited, a technology affiliate of BNY Mellon that provides a wide array of critical development services and one of the first financial companies to be rated CMM Level 5 by the Carnegie Mellon Software Engineering Institute. Suresh will continue to serve as chief executive officer of iNautix.
Prior to joining the company, he was CIO of CSFBdirect and DLJdirect, which was a pioneer in online brokerage on Prodigy Network, America Online and the Internet with a global presence in Japan, Hong Kong, United Kingdom and Dubai. He earned a bachelor's degree in technology from the Indian Institute of Technology at Madras, a master's degree in business administration from the Indian Institute of Management at Ahmedabad and a master's degree in computer science from the New York Institute of Technology.
In recognition of his achievements, Suresh was named CIO of the Year in 2006 by the New Jersey Technology Council and named to CIO Insight magazine's annual list of Top 100 CIOs in 2007. Pershing was also named by CIO magazine as a winner of the 2010 CIO 100 award, given to organizations that are driving future business growth with innovative technology. Most recently Suresh was named to Computerworld's Premier 100 IT Leaders for 2012. He also is a member of the Financial Industry Regulatory Authority Technology Advisory Committee.
BNY Mellon 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, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on [email protected]
SOURCE BNY Mellon