Daron Pearce, CEO and head of BNY Mellon asset servicing for Europe, the Middle East and Africa (EMEA), has left the bank after 20 years.
Pearce, who had served as head of asset servicing EMEA where he led a period of sustained growth in the region by improving revenue, profitability and client satisfaction, had only transitioned into the role in June 2020, reporting to James Slater, global head of business solutions.
BNY Mellon appointed Pearce to the newly-created global role as head of asset servicing strategic growth with the idea of identifying and accelerating both inorganic and new market entry opportunities.
At the time of this move, Roman Regelman, head of asset servicing and digital at BNY Mellon, said: “Daron Pearce is known, trusted and respected by our clients and the industry. That and his deep expertise make him ideally suited for this critical new role.”
Speaking about his exit, Pearce tells AST: “After more than 20 years with BNY Mellon, my final day has arrived and it is time to say goodbye. Before I leave an organisation to which I’ve devoted half a working lifetime, it is only right and proper that I acknowledge my good fortune."
“My time at BNY Mellon has been amazing, challenging and exciting. I have worked with and learned from genuine pioneers of our industry. I have been honoured to be part of and to have led incredibly talented teams and worked with some amazing people. I hope that I’ve played my part too in paying that forward, mentoring colleagues and developing talent, building a strong bench of future industry leaders.”
Commenting on the future, Pearce says his next role will be as an advocate for institutional investors, "enabling them to unlock the full value in their partnerships with service providers".
He explains: "I have an exciting pipeline of new business with some tier one firms and I've been approached about a number of non-executive roles."
During his two decades with the bank, Pearce served in a number of roles including CEO of global financial institutions and head of asset servicing in the UK, Ireland and Sub-Saharan Africa, among other roles.
