BNY/CIBC Mellon merger formalises new roles
10 January 2014 Toronto
Image: Shutterstock
Three months after BNY Mellon and CIBC Mellon created a lending giant with the merger of their two desks, Phil Zywot and his team have formally become BNY Mellon employees from 1 January 2014.
In his new role, Zywot takes on additional responsibility for expanding and enhancing service for BNY Mellon's global client base in the Canadian lending market, as well as working with Canadian players as they expand their participation in securities lending around the world through the BNY Mellon global network.
"Under Phil Zywot's proven leadership, the Toronto securities finance trading desk continues to provide outstanding service to CIBC Mellon and BNY Mellon clients in the Canadian marketplace," said Rob Ferguson, senior vice president, capital markets and product delivery, CIBC Mellon.
"[Zywot] has a deep understanding of the challenges and opportunities facing both borrower and lender clients, and his insights and leadership help position our clients for success."
“The integration of our respective trading desk teams last October represented the culmination of many productive years working together as partners in the CIBC Mellon joint venture and has enhanced how we are supporting our clients, both in terms of trading expertise and even deeper market coverage,” said Rob Chiuch, managing director, global head of equity finance for BNY Mellon’s global collateral services business.
Rob Ferguson also takes on a new job title, and has become senior vice president of capital markets and product delivery.
Ferguson is responsible for CIBC Mellon's capital markets functions, including global securities lending, treasury services, foreign exchange processing and settlement services, transition management, and commission recapture.
In addition, he oversees the development and implementation of the CIBC Mellon’s complete asset servicing product suite, client integration activities and online client information delivery systems.
A spokesperson for the firm said that Ferguson's new role, which sees him taking on responsibility for product suite, technology, and online systems aligns CIBC Mellon's capital markets products with the rest of the asset servicing suite.
In his new role, Zywot takes on additional responsibility for expanding and enhancing service for BNY Mellon's global client base in the Canadian lending market, as well as working with Canadian players as they expand their participation in securities lending around the world through the BNY Mellon global network.
"Under Phil Zywot's proven leadership, the Toronto securities finance trading desk continues to provide outstanding service to CIBC Mellon and BNY Mellon clients in the Canadian marketplace," said Rob Ferguson, senior vice president, capital markets and product delivery, CIBC Mellon.
"[Zywot] has a deep understanding of the challenges and opportunities facing both borrower and lender clients, and his insights and leadership help position our clients for success."
“The integration of our respective trading desk teams last October represented the culmination of many productive years working together as partners in the CIBC Mellon joint venture and has enhanced how we are supporting our clients, both in terms of trading expertise and even deeper market coverage,” said Rob Chiuch, managing director, global head of equity finance for BNY Mellon’s global collateral services business.
Rob Ferguson also takes on a new job title, and has become senior vice president of capital markets and product delivery.
Ferguson is responsible for CIBC Mellon's capital markets functions, including global securities lending, treasury services, foreign exchange processing and settlement services, transition management, and commission recapture.
In addition, he oversees the development and implementation of the CIBC Mellon’s complete asset servicing product suite, client integration activities and online client information delivery systems.
A spokesperson for the firm said that Ferguson's new role, which sees him taking on responsibility for product suite, technology, and online systems aligns CIBC Mellon's capital markets products with the rest of the asset servicing suite.
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