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Deals and People May 10, 2011
BNY Mellon Appoints CEO of Global Markets
May 10, 2011 (PLANSPONSOR.com) - BNY Mellon announced the appointment of Arthur Certosimo as CEO of Global Markets.
Reported by Rebecca Moore
Certosimo, who is currently CEO of Alternative, Broker-Dealer and Treasury Services, will succeed Richard Mahoney, who is retiring at the end of June. Certosimo will report to Gerald Hassell, president of BNY Mellon.
Certosimo currently oversees hedge fund and derivatives servicing, securities clearance, collateral management and treasury services. In his new role, he will lead the company’s foreign exchange, capital markets and derivatives trading businesses worldwide.
The company also announced that Brian Ruane, who is currently head of Alternative Investment Services, will become CEO of Alternative and Broker-Dealer Services, reporting to Karen Peetz, vice chairman and CEO of Financial Markets & Treasury Services. David Cruikshank, CEO of Treasury Services, who currently reports to Certosimo, will now report to Peetz.
Certosimo serves as a member of the board of directors of DTCC, Promontory Interfinancial Network, CMET Finance Holdings and International Derivatives Clearing Group (IDCG). Prior to joining BNY Mellon in 1998, he held senior roles at Morgan Stanley and Chase Manhattan.
Ruane, who joined BNY Mellon in 1993, served in key roles within the company’s Global Client Management division before being named CEO of Alternative Investment Services in 2009. He is a member of the advisory boards of The UCD Michael Smurfit Graduate School of Business in Dublin and The Frank G. Zarb School of Business in New York.