Katarina Melvan will be a new member of the executive board at BNY Mellon Service KAG effective 15 November 2012.
Melvan will be responsible for operations including fund accounting, data management, risk controlling and compliance monitoring. Thomas Grünewald continues in his role as a member of the board.
As managing director and head of operations at BNY Mellon Asset Servicing, Melvan was previously responsible for securities operations and client services in Germany, together with depotbanking services for Continental Europe.
Juergen Frank, chairman of the supervisory board at BNY Mellon Service KAG said: "Katarina Melvan has many years of experience and given her proven expertise she is the ideal person to drive forward the expansion of our end-to-end value chain covering our front, back and middle office solutions."
BNY Mellon KAG has seen business grow significantly in 2012 due to a number of key new outsourcing mandates , with assets under administration up from €100.4 billion at the beginning of the year to €128.2 billion at the end of October 2012.
