BNY Mellon appoints new markets group president
01 September 2015 New York
Image: Shutterstock
BNY Mellon has appointed Michelle Neal as the new president of its markets group.
Neal, who assumes the role on 30 November and will be based at the group’s headquarters in New York, moves from Deutsche Bank where she is global head of listed derivatives, markets clearing and fixed income market structure.
As head of BNY Mellon markets group, created in 2014, Neal will oversee all of the bank’s markets-facing businesses including securities finance division, managed by James Slater.
Neal in turn will report to Curtis Arledge, vice chairman of BNY Mellon, and succeeds Kurt Woetzel, who recently retired.
The BNY Mellon markets group helps clients access capital, financing and liquidity by providing an extensive suite of foreign exchange, securities finance, collateral management and segregation, capital markets, liquidity and prime brokerage services.
Arledge said: "The markets group's extraordinary success demonstrates how well the group's extensive and complementary capabilities align with the needs of investors in today's evolving market landscape."
"Neal's leadership experience, especially as it relates to innovation in electronic trading and her expertise across the entire spectrum of markets group activities make her the perfect leader to continue to drive the markets group's strong performance."
Neal, who assumes the role on 30 November and will be based at the group’s headquarters in New York, moves from Deutsche Bank where she is global head of listed derivatives, markets clearing and fixed income market structure.
As head of BNY Mellon markets group, created in 2014, Neal will oversee all of the bank’s markets-facing businesses including securities finance division, managed by James Slater.
Neal in turn will report to Curtis Arledge, vice chairman of BNY Mellon, and succeeds Kurt Woetzel, who recently retired.
The BNY Mellon markets group helps clients access capital, financing and liquidity by providing an extensive suite of foreign exchange, securities finance, collateral management and segregation, capital markets, liquidity and prime brokerage services.
Arledge said: "The markets group's extraordinary success demonstrates how well the group's extensive and complementary capabilities align with the needs of investors in today's evolving market landscape."
"Neal's leadership experience, especially as it relates to innovation in electronic trading and her expertise across the entire spectrum of markets group activities make her the perfect leader to continue to drive the markets group's strong performance."
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