Sands will report to the company’s vice chairman and CEO Tim Keaney.
Samir Pandiri who has earlier served as CEO of BNY Mellon Shareowner Services replaces Sands as Head of the America’s Asset Servicing business and will report to him.
As part of restructuring, Lou Maiuri, previously head of outsourcing is named as head of the Global Financial Institutions business while Maiuri takes over from Nadine Chakar who is currently named as Global Head of BNY Mellon’s Derivatives360 business.
Chakar will report to BNY Mellon vice chairman and CEO of Financial Markets and Treasury Services Karen Peetz.
Hani Kablawi is named as Head of EMEA Asset Servicing, replacing Frank Froud who is leaving the company.
Both Maiuri and Kablawi will report to Tim Keaney, while Head of Asia Pacific Asset Servicing Chong Jin Leow will continue to report to Keaney.
BNY Mellon Asset Servicing Vice Chairman and CEO Tim Keaney said that these changes will enable them to have a more focused and streamlined approach to building their business and delivering excellent client service in a rapidly changing economic environment.
