Bank of New York Mellon has appointed Brian Ruane to the new position of CEO of alternative investment services (AIS), a hedge fund administrator with more than $200 billion in assets under administration.
In this new role, Mr Ruane will focus on expanding AIS’ global client relationships and leveraging the array of fund administration products and services the group provides to hedge fund, fund of hedge fund, private equity and real estate clients worldwide. Mr Ruane will report to Art Certosimo, senior executive vice president and head of broker-dealer/alternative investment services at BNY Mellon. He will continue to be based in New York city.
Mr Ruane was most recently executive vice president and head of global client management North America. For the five years prior, he was head of financial institutions, overseeing the firm’s relationships with banks, broker-dealers and hedge funds.
Mr Certosimo said: “Mr Ruane’s experience and leadership will help us continue to grow, build on our strengths, and set new standards for serving clients during this transformational time in the industry. BNY Mellon’s AIS business has achieved impressive revenue and market share gains the past few years, where others have struggled. We’re confident in his ability to develop the strategies and forge the relationships we’ll need to take our global growth forward.”
