BNY Mellon has named Cécile Nagel as global head of the corporate trust, effective 1 October.
Nagel will succeed James Slater, who will retire at the end of September. Nagel is currently head of BNY Mellon’s Pershing EMEA business. She will be replaced by Dennis Wallestad, who most recently served as chief financial officer (CFO) and head of transformation for Pershing EMEA.
Jim Crowley, global head of Pershing, said: “Cécile has shown impressive leadership during her tenure as Head of Pershing EMEA, laying a strong foundation for our continued growth in the region.
“We are fortunate that Cécile will remain within BNY Mellon, and we are equally fortunate to have Dennis succeed her. Dennis has a deep understanding of our business and is ideally positioned to ensure that we continue to best serve our clients.”
Roman Regelman, senior executive vice president and global head of securities services and digital, said: “Cécile brings a rich global understanding of market infrastructure, trading, and post-trade and is a proven senior leader with deep experience in transformation.”
Prior to joining BNY Mellon’s Pershing in 2022, Nagel was the CEO of EuroCCP, a European cash equities central counterparty. She also held senior leadership positions at the London Stock Exchange Group (LSEG), including as global head of equities – LCH, where she was
responsible for LCH Group’s cash equities and equities and commodities derivatives business.
Wallasted, who is based in London, first joined the firm in 2002 as CFO of BNY Clearing, and served as the global CFO for Pershing and as the CEO, COO and CFO for Pershing Australia.
He has held various other senior positions throughout his career, including EMEA CFO at JPMorgan Chase and CFO for JPMorgan Chase’s treasury and securities services group.
BNY Mellon’s Corporate Trust business offer issuer and related investor services, including trustee, paying agency, fiduciary, escrow and other financial services.
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