BNY Mellon has promoted Alan Flanagan as global head of private equity and real estate fund services.
Flanagan will continue to be based in Dublin and report to Frank La Salla, CEO of BNY Mellon’s Alternative Investment Services (AIS) business in New York.
He will be responsible for overseeing global business and driving growth in an area that has seen large recent deals.
Most recently, Flanagan was global head of product management for AIS. Robert Chambers, who will succeed Flanagan, joins BNY Mellon from Balestra Capital, where he was managing director, portfolio manager, and member of the operating committee.
La Salla, commented: “We’re seeing vibrant growth opportunities in this space as investors pursue new strategies and increase allocations to private equity and real estate.”
“Flanagan was instrumental in orchestrating our signature agreement with Deutsche Asset and Wealth Management. During his tenure as head of product he led many projects to better serve our hedge fund and PE clients, and I have every confidence he’ll do an outstanding job in this new role.”
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