BNY Mellon has enhanced its asset servicing business with the appointments of Paul Vigilante and Paul McDermott.
Vigilante has joined BNY Mellon as head of accounting and investor solutions operations. In this role, he will focus on optimising BNY Mellon’s operating model to deliver innovative and resilient services with ease.
Based in New York, Vigilante will report to Jeremy Dobrick, head of asset servicing operations and technology.
Prior to this role, he held senior operations roles in securities services and asset management at JPMorgan Chase. Most recently, he served as head of wealth management product and core operations.
During his career, Vigilante has also held senior positions at Citadel Investment Group, Goldman Sachs, and Drexel Burnham Lambert.
Meanwhile, McDermott will be joining BNY Mellon as head of accounting and fund administration, effective from September. Based in Dublin, McDermott will report to Vigilante.
McDermott joins BNY Mellon from Citi where he was most recently the global head of fund accounting operations.
Commenting on the appointments, Dobrick says: “We are thrilled to welcome Paul Vigilante and Paul McDermott to BNY Mellon. As we continue to make significant investment in our capabilities to support clients’ expanding need for automation and digital transformation, we are growing our asset servicing operations teams to help scale our operating model.”
“These changes will drive our strategy to deliver innovative and resilient products that provide industry leading client service and experience,” adds Dobrick.
Last month, Michael Janiszewski was appointed as chief operating officer to oversee BNY Mellon’s asset servicing strategy, digital and business operations.
