BNY Mellon has appointed Páraic Cosgrave as head of alternatives business development for asset servicing.
Based in Dublin, Cosgrave will be responsible for BNY Mellon’s global alternatives sales team to help shape BNY Mellon’s business development across all of the company’s alternatives sub-businesses – real estate, private equity, credit, hedge and fund of funds.
His appointment is part of a wider effort to grow BNY Mellon’s presence in Ireland.
Cosgrave has more than 25 years’ experience at small and large scale fintechs, banks, asset servicers and asset managers.
Prior to joining BNY Mellon, Cosgrave was a member of the executive management team at Abbey Capital and global head of distribution and relationship management.
Before that, he was global head of sales and relationship management at BNP Paribas S.A..
Commenting on his new role, Cosgrave says: “I am excited to be joining the BNY Mellon team and look forward to contributing to the ongoing growth of the asset servicing business, as well as contributing to the overall growth of BNY Mellon’s network.”
Jane Mancini, head of business development, asset servicing at BNY Mellon, comments: “We are delighted to be welcoming Páraic to BNY Mellon and are excited to see the impact he will have on the asset servicing business.
“Páraic’s past experience in successfully growing businesses on an international scale, coupled with his proficiency in developing and implementing sales functions with a specific focus on clients, will help in supporting our mission at BNY Mellon.”
.jpg)