BNY Mellon Announces Executive Appointments

Gerald L. Hassell, chairman and chief executive of BNY Mellon, announced executive appointments in investment management and services.

Karen B. Peetz will become president of BNY Mellon. Peetz is vice chairman and chief executive of financial markets and treasury services. She will lead global client management, regional management, treasury services and human resources. 

Peetz joined BNY Mellon in 1998. In her current position, she oversees treasury services, corporate trust, depositary receipts, Pershing, broker/dealer global clearance and U.S. tri-party services. She is the chair of BNY Mellon’s Women’s Initiatives Network and in 2011 was named the most powerful woman in banking by American Banker. She is on the board of directors for SIFMA, the Private Export Funding Corporation (PEFCO) and SunCoke Energy. Before joining BNY Mellon, Peetz spent 16 years with JPMorgan Chase in a variety of sales and business management positions.

Timothy F. Keaney will be named chief executive of investment services as BNY Mellon aligns its asset servicing, corporate trust, depositary receipts, global markets, global collateral services, broker/dealer services, and Pershing businesses under his leadership. Keaney is currently vice chairman and chief executive of asset servicing. He will retain his vice chairman title.

Keaney joined BNY Mellon in 2000 and oversees the company’s businesses that provide institutions worldwide with global custody, global fund services, foreign exchange, securities lending, transfer agency, transition management, trustee/depot bank services, offshore fund administration, benefit disbursements, performance analytics and alternative investment services. Before joining BNY Mellon, Keaney worked at Deutsche Bank where he had management responsibility for sales and client management for custody, asset administration, performance measurement, asset management, funds transfer and trade finance activities. He serves on the board of directors of Unum.

Brian T. Shea will be named president of investment services and head of BNY Mellon’s global operations and technology group. He will continue as chief executive officer of BNY Mellon’s Pershing subsidiary and as head of broker/dealer and adviser services. 

Shea joined Pershing in 1983 and heads BNY Mellon’s broker/dealer and adviser services group, and serves as CEO of Pershing, a global provider of financial business solutions. Shea serves on the board of directors of the Insured Retirement Institute and the Depository Trust and Clearing Corporation. 

Vice Chairman Curtis Y. Arledge continues as chief executive of investment management, BNY Mellon’s asset and wealth management businesses.

Peetz, Keaney and Arledge continue to report to Hassell. Shea will report to Hassell as head of global operations and technology, and to Keaney in his capacity as president of investment services. 

The appointments are effective January 1, 2013.