Canadian Securities Lending Association's president joins BNY Mellon
23 June 2011 New York
Image: Shutterstock
BNY Mellon Asset Servicing, has named David DiNardo chief operating officer of its securities lending business and Robert Chiuch managing director in the securities lending business, with responsibility for leading the U.S. equity and corporate securities lending team.
DiNardo, who reports to James Slater, global head of securities lending, is
responsible for implementing strategic initiatives, coordinating the key
functions of the business, and directing the risk and compliance requirements
of securities lending.
DiNardo had been a managing director in the group with responsibility for
product development and project management. He succeeds Slater, who recently
became BNY Mellon's global head of securities lending.
"David DiNardo has done an outstanding job in coordinating our efforts to
bring new technology to BNY Mellon's clients, resulting in better service in a
wide range of areas including trading, reinvestment and reporting," Slater
said. "In his new position, he will play a key role in identifying
opportunities for continuing improvements in our operations and further
enhancing the experiences of our clients."
DiNardo joined BNY Mellon's securities lending business in 1994 and started in
operations then quickly moved into the systems and technology group. He was
named manager of that group in 1997. He was awarded bachelor's degrees in
finance and mathematical economics by John Carroll University and an MBA and
master's degree in information systems by the University of Pittsburgh.
Chiuch, who also reports to Slater, had been co-head of global securities
lending at CIBC Mellon, a leading provider of financial services for
institutions and corporations that is jointly owned by Canadian Imperial Bank
of Commerce and BNY Mellon. He will be based in New York.
"Robert Chiuch has demonstrated strong leadership in building the global
securities lending business at CIBC Mellon," said Slater. "His knowledge of
the business and his depth of experience will prove invaluable as we grow BNY
Mellon's securities lending operations."
Chiuch, who has 23 years of experience in securities lending, joined CIBC
Mellon when the company was formed in 1996. Previously, he worked for CIBC and
National Bank Financial. He received his MBA from the University of Western
Ontario's Richard Ivey School of Business. He is president of the Canadian
Securities Lending Association.
DiNardo, who reports to James Slater, global head of securities lending, is
responsible for implementing strategic initiatives, coordinating the key
functions of the business, and directing the risk and compliance requirements
of securities lending.
DiNardo had been a managing director in the group with responsibility for
product development and project management. He succeeds Slater, who recently
became BNY Mellon's global head of securities lending.
"David DiNardo has done an outstanding job in coordinating our efforts to
bring new technology to BNY Mellon's clients, resulting in better service in a
wide range of areas including trading, reinvestment and reporting," Slater
said. "In his new position, he will play a key role in identifying
opportunities for continuing improvements in our operations and further
enhancing the experiences of our clients."
DiNardo joined BNY Mellon's securities lending business in 1994 and started in
operations then quickly moved into the systems and technology group. He was
named manager of that group in 1997. He was awarded bachelor's degrees in
finance and mathematical economics by John Carroll University and an MBA and
master's degree in information systems by the University of Pittsburgh.
Chiuch, who also reports to Slater, had been co-head of global securities
lending at CIBC Mellon, a leading provider of financial services for
institutions and corporations that is jointly owned by Canadian Imperial Bank
of Commerce and BNY Mellon. He will be based in New York.
"Robert Chiuch has demonstrated strong leadership in building the global
securities lending business at CIBC Mellon," said Slater. "His knowledge of
the business and his depth of experience will prove invaluable as we grow BNY
Mellon's securities lending operations."
Chiuch, who has 23 years of experience in securities lending, joined CIBC
Mellon when the company was formed in 1996. Previously, he worked for CIBC and
National Bank Financial. He received his MBA from the University of Western
Ontario's Richard Ivey School of Business. He is president of the Canadian
Securities Lending Association.
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