BNY Mellon Adds Michelle Neal as President of Markets Group

BNY Mellon has secured the services of Michelle Neal as its newest President of BNY Mellon Markets Group, whose appointment is slated to take effect on November 30, 2015, according to a BNY statement

In her new role as the President of BNY Mellon Markets, Ms. Neal will focus on managing the Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term operations of the group, namely across fixed income, foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX), equities, and clearing services, among others. She will be reporting to Curtis Arledge, Vice Chairman of BNY Mellon.

She will be joining one of the BNY Mellon Markets Group, which is one of the fastest growing segments of the group’s business. Ms. Neal will be succeeding Kurt Woetzel, who recently vacated the role after retiring earlier this year – she will also be based out of the group’s New York headquarters.

Ms. Neal lands at BNY Mellon from Deutsche Bank, having most recently served as its global head of listed derivatives, markets clearing, and fixed income. She has held several senior roles at Nomura International, Royal Bank of Scotland (RBS), Fidessa, and Goldman Sachs.

According to Mr. Arledge in a recent statement on the appointment, "The Markets Group's extraordinary success demonstrates how well the Group's extensive and complementary capabilities align with the needs of investors in today's evolving market landscape.”

"Michelle's leadership experience, especially as it relates to innovation in electronic trading and her expertise across the entire spectrum of Markets Group activities make her the perfect leader to continue to drive the Markets Group's strong performance," he added.

BNY has been in the news recently after it suffered a massive breakdown in its net asset values (NAVs) system. The glitch was estimated to have affected nearly 5% of US mutual funds and ETFs last week, totaling around $404 billion in assets.