Salvage will lead and execute the long-term strategy to drive growth in BNY Mellon's hedge fund services business and work to further develop long-lasting partnerships for the bank in the alternative investment services industry.
He will report to Chandresh Iyer, CEO of BNY Mellon's global alternative investment services and structured products business.
Previously, Salvage served as managing director for SS&C and before that was Citi’s Europe, the Middle East and Africa head of hedge fund services, as well as the founder of Citi's over-the-counter derivatives and bank loan services.
Prior to his financial services career, Salvage was a broadcast journalist based in Berlin covering wars in Bosnia, Sierra Leone and Iraq.
"Peter Salvage brings extensive experience in hedge fund middle and back office services, innovation and technology," said Iyer.
"His deep knowledge and track record of results delivering business expansion strategies in the space, and his strong emphasis on understanding hedge fund client needs and innovation, will be critical for BNY Mellon in serving our expanding client base of hedge, credit and hybrid private equity funds.”