BNY Mellon expands global derivatives clearing team
Regulatory and market changes driving renewed demand for new services
NEW YORK and LONDON, March 18, 2013
NEW YORKand LONDON, March 18, 2013 /PRNewswire/ --BNY Mellon, the global
leader in investment management and investment services, today announced it
has expanded its global derivatives clearing leadership team with five new
appointments in the United States and Europe.
Mark B. Gonzalez has been appointed as the US Chief Operating Officer for
derivatives clearing services, based in New York.
Gregory Chemin has been appointed as the Business Head of derivatives clearing
services, based in Frankfurt, Germany.
Paul Dex (London), John Guthrie (New York) and Thomas Twomey (New York) will
lead the company's regional efforts to identify and develop new opportunities
in the listed and over-the-counter (OTC) derivatives markets.
Sanjay Kannambadi, Global Head of Derivatives Clearing Services said:
"Regulatory and market changes are driving strong interest globally from
clients trading derivatives who are seeking a clearing partner with proven
operational and market expertise. With an ever-greater percentage of
derivatives transactions expected to be cleared through central
clearinghouses, the addition of these respected individuals will enhance our
ability to help clients understand and prepare for how their needs will
oMark Gonzalez has over 14 years of global hands on experience within
complex clearing and trading organizations as a partner and COO at both
Ardmore Park Capital and Capstone Holdings Group and as an operations
manager at Pioneer Futures.
oGregory Chemin, who has previously held senior sales roles at European
broker HPC's French operation and at Newedge in Germany, has more than 10
years of business development experience in derivatives instruments and
on-exchange and OTC products.
oPaul Dex has 17 years of sales and sales leadership experience in the
global financial markets, including at The Royal Bank of Scotland and
Skandinaviska Enskilda Banken.
oJohn Guthrie brings significant client management experience in the prime
broker and derivatives industry, where he held sales and client service
positions at Credit Suisse, Lehman Brothers and Deutsche Bank Securities
during the past 10 years.
oTom Twomey comes with 18 years of experience in the futures markets
divided between business development, sales and trading, most recently in
business development at OptionsCity and as director of marketing at
Intercontinental Exchange as well as the NYMEX.
Brian Ruane, executive vice president at BNY Mellon, said: "The derivatives
clearing market is undergoing rapid changes due to the mandatory clearing
rules coming into play during 2013. The expansion of our leadership team
underlines BNY Mellon's commitment to delivering a full-service derivatives
clearing solution to our clients globally to help them understand and navigate
the opportunities and challenges ahead."
Notes to editors:
BNY Mellon Clearing LLC is a registered futures commission merchant that
clears derivative trades on behalf of BNY Mellon's institutional clients. It
supports the trading activity of clients by providing clearing services with
major exchanges and central clearinghouses.
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 36 countries and more than 100 markets. As of December
31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or
administration, and $1.4 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 or follow us on
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