BNY Mellon has expanded its global derivatives clearing team with five new appointments in the US and Europe.
Mark Gonzalez has been appointed as the US chief operating officer for derivatives clearing services, based in New York.
Gonzalez was previously partner and COO at both Ardmore Park Capital and Capstone Holdings Group.
Gregory Chemin has been named as the business head of derivatives clearing services, based in Frankfurt. Chemin previously held senior sales roles at European broker HPC’s French operation and at Newedge in Germany.
Paul Dex has been recruited to lead the firm’s regional efforts to develop new opportunities in the listed and OTC derivatives market. He will be based in London.
John Guthrie and Thomas Twomey have been hired to do the same job. They will be based in New york.
Dex previously held roles at The Royal Bank of Scotland and Skandinaviska Enskilda Banken.
Guthrie previously held sales and client service roles at Credit Suisse, Lehman Brothers and Deutsche Bank Securities.
Twomey most recently held the role of director of marketing at Intercontinental Exchange as well as the NYMEX.
Sanjay Kannambadi, global head of derivatives clearing services, said: "Regulatory and market changes are driving strong interest globally from clients trading derivatives who are seeking a clearing partner with proven operational and market expertise.”
“With an ever-greater percentage of derivatives transactions expected to be cleared through central clearinghouses, the addition of these respected individuals will enhance our ability to help clients understand and prepare for how their needs will evolve."
Brian Ruane, executive vice president at BNY Mellon, said: "The derivatives clearing market is undergoing rapid changes due to the mandatory clearing rules coming into play during 2013. The expansion of our leadership team underlines BNY Mellon's commitment to delivering a full-service derivatives clearing solution to our clients globally to help them understand and navigate the opportunities and challenges ahead."
