Debra Baker has been hired to lead BNY Mellon’s new global risk solutions group. Baker is rejoining asset servicing after leading the US financial institutions client segment within BNY Mellon’s corporate trust business.
The global risk solutions group will provide investment analysis products and services, combined with BNY Mellon’s core custody and accounting platforms.
Pension funds, foundations and endowments and other large financial institutions will use the group for risk analysis, performance measurement, compliance monitoring, peer group comparisons and attribution tools for their investment strategies.
Vince Sands, CEO of BNY Mellon’s asset servicing business, said: "With a rise in alternative investment strategies, industry shocks, and new regulatory requirements, it's crucial for decision-makers to be able to quickly analyse and assess their total investment risk. Our new Global Risk Solutions group under Baker’s leadership is built specifically to do just that.”
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