Watkins will succeed Richard Gill, who is set to retire this month. Watkins and Gill will work together for a time, in order to ensure a smooth transition.
In his new role, Watkins will oversee the growth of BNY Mellon Markets as regulatory and market structure changes lead to increased client demand.
Based in London, he will report directly to Michelle Neal president of BNY Mellon Markets, with regional accountability to Michael Cole-Fontayn, chair of BNY Mellon for EMEA.
Gill has been with BNY Mellon for over 20 years. He has also served of the Bank of England’s Foreign Exchange Joint Standing Committee since 2017, and has sat on the Advisory Council of the Fixed Income, Currencies and Commodities Markets Standards Board since 2015.
Watkins’s appointment is subject to approval under the UK Senior Managers and Certification Regime.
Neal commented: “Dan Watkins will play a central role in further optimising the markets solution set to meet the evolving needs of clients."
She added: “His diverse experience and deep understanding of the pressures and opportunities facing all market participants will be particularly valuable as we intensify our client focus.”
Cole-Fontayn said: “We would like to thank Richard Gill for his stellar contribution to BNY Mellon over the last 20 years,”
He added: “Under his leadership our EMEA Markets business has garnered a reputation for exceptional client quality and performance.”