BNY Mellon has appointed Cécile Nagel as chief executive officer of its Pershing Ltd’s EMEA business, effective October 2022.
Nagel will become a member of Pershing’s global executive committee and will be based in London.
She will lead the EMEA management team to develop the business’ next phase of growth, in the UK, Channel Islands and Ireland as well as look for partners with financial institutions and provide leading custody, clearing, settlement and trading solutions to them.
The firm said Nagel is a highly experienced business leader, with deep expertise in technology, and has a proven track record in driving growth and transformation in regulated industries.
Nagel is currently the CEO of EuroCCP where consolidated its position as a leading pan-European cash equities central counterparty, providing clearing services to 47 trading venues across Europe.
She led the launch of its clearing equity derivatives service and oversaw the EuroCCP’s acquisition by Cboe Global Markets in July 2020.
Prior to leading EuroCCP, Nagel held several senior management roles at the London Stock Exchange Group, Oliver Wyman, and the former Financial Services Authority.
“We are delighted to welcome Cécile to Pershing as CEO of our EMEA business,” said Jim Crowley, chief executive officer, Pershing. “Following a competitive selection process, we have chosen a high-quality industry professional who shares our vision for growth.
Cécile has a demonstrable track record of leading successful, technology-enabled businesses and their people to deliver outstanding client service to financial institutions, safely and efficiently.
Nagel added, “I’m excited to join Pershing’s EMEA business at a critical time for our clients, who are grappling with complex challenges as a result of heightened market uncertainty and changes in the way people and organisations invest their wealth and manage their assets.”
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