Katarina Melvan Appointed New Member of the Executive Board at BNY Mellon Service KAG
Nov 20, 2012
FRANKFURT, November 20, 2012 — BNY Mellon, the global leader in investment management and investment services, has appointed Katarina Melvan as a member of the executive board at BNY Mellon Service Kapitalanlage-Gesellschaft mbH (BNY Mellon Service KAG), effective November 15 2012.
In her new role, Melvan will be responsible for operations including fund accounting, data management, risk controlling and compliance monitoring. Thomas Grünewald continues in his role as a member of the executive board at BNY Mellon Service KAG.
As Managing Director and Head of Operations at BNY Mellon Asset Servicing, Melvan was previously responsible for securities operations and client services in Germany, together with depotbanking services for Continental Europe.
Melvan joined BNY Mellon in 2007; she previously held various management posts at other global custodians and major banks. She initially transferred across to BNY Mellon Service KAG to take the role of General Representative on July 1, 2012.
Juergen P. Frank, Chairman of the Supervisory Board at BNY Mellon Service KAG, said: “Katarina Melvan has many years of experience and given her proven expertise she is the ideal person to drive forward the expansion of our end-to-end value chain covering our front, back and middle office solutions.”
BNY Mellon KAG has seen business grow significantly in 2012 due to a number of key new outsourcing mandates , with assets under administration up from EUR100.4 bn at the beginning of the year to EUR128.2 bn at the end of October 2012.
BNY Mellon has been serving clients in Germany since 1931. The company opened its first office in Frankfurt in 1972. Following its acquisition in August 2010 of BHF Asset Servicing and Frankfurter Service KAG, the company now has just under 600 employees in Germany. In addition to asset servicing, depotbanking, fund administration and asset management, BNY Mellon is active in Germany in the areas of corporate trust, treasury services, collateral management, depository receipts and client management. It has over 200 institutional relationships in Germany, including more than 20 DAX-listed corporations, and offers regional coverage for 14 countries in the German speaking and Central Eastern and South Eastern European region.
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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 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. Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
This press release is issued by The Bank of New York Mellon SA/NV to members of the financial press and media. All information and figures source BNY Mellon International unless otherwise stated as at September 30, 2011. The Bank of New York Mellon SA/NV is a Belgian public limited liability company (société anonyme/naamloze vennootschap), with V.A.T. number BE 0806.743.159 and company number 0806.743.159 Brussels RPM-RPR, with statutory address 46 Rue Montoyerstraat, B-1000 Brussels, Belgium, authorized and regulated as a credit institution by the National Bank of Belgium (NBB), and a subsidiary of The Bank of New York Mellon, a banking corporation organized under the laws of the State of New York, with head office at One Wall Street, New York, NY 10286, U.S.A. The Bank of New York Mellon SA/NV is one of a number of firms through which BNY Mellon Asset Servicing operates. BNY Mellon Asset Servicing is a brand name used by The Bank of New York Mellon Corporation to cover a broad spectrum of specialized asset servicing capabilities.