BNY Mellon expands Broker-Dealer Services
14 July 2010 Hong Kong
Image: Shutterstock
BNY Mellon, has appointed Michael Schroeder as Regional Manager for Broker-Dealer Services in Asia. Based in Hong Kong, he will be responsible for supporting the continued growth of the company's Broker-Dealer Services business across Asia focusing on collateral management and securities clearance.
"Demand for more efficient, risk-adverse and sophisticated collateral management and securities settlement is growing rapidly across both the developed and aspiring markets in the region," said Andrew Gordon, Executive Vice President for Broker-Dealer and Alternative Investment Services, BNY Mellon, Asia-Pacific. "It is therefore vital that we continue to invest in and grow our local team to ensure that we set new standards for broker-dealer servicing in Asia - especially from an operational efficiency and risk perspective."
Schroeder brings 20 years of experience in the securities industry including 16 years in Broker-Dealer Services. He joined BNY Mellon's New York office in 1993 and has primarily been involved in product development and product management throughout his tenure at the company. Schroeder played a lead role in the launch of the company's global tri-party repo and collateral management service, and ongoing advancement of this innovative platform
"Demand for more efficient, risk-adverse and sophisticated collateral management and securities settlement is growing rapidly across both the developed and aspiring markets in the region," said Andrew Gordon, Executive Vice President for Broker-Dealer and Alternative Investment Services, BNY Mellon, Asia-Pacific. "It is therefore vital that we continue to invest in and grow our local team to ensure that we set new standards for broker-dealer servicing in Asia - especially from an operational efficiency and risk perspective."
Schroeder brings 20 years of experience in the securities industry including 16 years in Broker-Dealer Services. He joined BNY Mellon's New York office in 1993 and has primarily been involved in product development and product management throughout his tenure at the company. Schroeder played a lead role in the launch of the company's global tri-party repo and collateral management service, and ongoing advancement of this innovative platform
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