Bank of New York Mellon : BNY Mellon Further Boosts AIS Capability With New Senior Appointments

LONDON, July 19, 2017 - Jamie Gleeson has been appointed as EMEA Head of Relationship Management for Alternative Investment Services (AIS) and Edwin Parker has joined as Director of Business Development for EMEA Private Equity, Real Estate and Debt at BNY Mellon, both based in London. The appointments are part of the ongoing strategy to build the AIS capability and follow a number of senior appointments in this area, including those of Chandresh Iyer as Global CEO of Alternative Investment Services and Structured Products, Jeff McCarthy as CEO of Exchange Traded Funds, Peter Salvage as Global Head of Hedge Fund Services and Scott Coey as Head of Business Development for Hedge Funds, ETF and Structured Products in EMEA.

Jamie joins from State Street where he was Managing Director and EMEA Head of Relationship Management for the company's alternatives business and will be responsible for building deeper relationships with BNY's growing list of clients in the alternatives space. He reports to Jim Whitaker, Global Head of Relationship Management.

Edwin, who was previously head of AIS sales for Northern Trust in EMEA, joins BNY Mellon's AIS Private Equity, Real Estate and Debt Business Development team led by Brian McMahon. As well as the strategic priority of developing its alternatives offering generally, BNY Mellon is investing significantly into building its presence in the Real Estate and Private Equity arenas where it perceives a strong market opportunity and a growth in investor demand.

In April 2017, BNY Mellon Alternative Investment Services announced it will provide fund administration services for the U.S. real estate funds of PGIM Real Estate - the property arm of PGIM, the global investment management businesses of Prudential Financial - representing approximately $33 billion in net assets under management. This follows the announcement in 2015 where BNY Mellon signed an agreement with Deutsche Asset & Wealth Management to become its outsourced provider of direct real estate and infrastructure fund finance, fund accounting, asset management accounting, and client and financial reporting functions. These deals have made BNY Mellon one of the largest real estate fund administrators in the market.

Jamie Gleeson said: 'BNY Mellon already has a very strong market position in the alternative investments arena and is well placed to continue to grow even further. The impact of new, disruptive technologies and a wave of incoming regulatory requirements presents challenges - but, crucially, also many opportunities for alternative investment managers - and a large part of my role will be working with our clients to help them navigate this new landscape.'

Edwin Parker comments: 'In a low growth and low yield environment, institutional investors are increasingly looking at alternative asset classes for higher returns. It is exciting to join BNY Mellon at a time when it is positioning itself actively to be the strategic asset servicing partner of choice for investment firms in this space. We expect to see inflows not only into hedge funds and private equity as institutions seek uncorrelated returns but also into real estate as they search for yield with the added security of real assets. I look forward to working as part of the wider AIS team to develop our capabilities and our client base in this market.'

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.