BNY Mellon has appointed Caroline Butler as the global head of custody, effective from 10 June.
Based in New York, Butler will report to Roman Regelman, senior executive vice president, head of asset servicing and digital.
In her new role, Butler will lead the product strategy and will work with the key stakeholders across asset servicing and the entire firm.
According to BNY Mellon, Butler inherits an outstanding global team, who will work with her to drive the company’s efforts to transform its global custody offering, embrace new realities and markets, and modernise custody platforms.
In addition to her new role, Butler will also become a member of the asset servicing and digital executive council at BNY Mellon.
Prior to BNY Mellon, Butler spent nearly two decades at J.P. Morgan, where she was most recently head of global custody product for the Americas.
In this role, Butler was responsible for leading the development of the exchange-traded funds servicing product.
Her experience includes roles across a range of investment services and trading businesses primarily centred on product management and development.
Butler began her career in Europe as a fund accountant for AIB/BNY Securities Services, a Dublin-based joint venture between the AIB Group and BNY Mellon. She also worked in Australia for two years as a portfolio analyst for Bankers Trust.
Commenting on her appointment, Regelman said: “Custody is core to our business and what we are best known for by many of our clients. As such, a strong global custody platform is absolutely essential to our competitive position.”
“We are extremely pleased to have Caroline Butler join BNY Mellon to lead our custody team and help drive the transformation taking place as digital and new operating models play increasingly important roles in how we meet client needs,” he added.
