BNY Mellon, a global leader in investment management and investment services, today announced the appointment of Dean Fletcher as regional head of BNY Mellon Corporate Trust, Europe, Middle East and Africa (“EMEA”). Fletcher continues to report to James Maitland, head of Client & Business Development for EMEA and Asia Pacific (“APAC”).
Fletcher had been serving as co-head of EMEA for Corporate Trust with Joe Duffy. Duffy remains chief executive officer of The Bank of New York Mellon (Ireland) Limited and will continue to focus on the growth of BNY Mellon’s Irish businesses in his capacity as Country Executive for Ireland.
“In Dean, we have a strong business leader whose strategic insight has helped us anticipate market opportunities and deliver the capabilities of the whole company to our clients,” said Maitland. “He has been instrumental in overseeing our focus on delivering high quality service and tailored solutions while navigating through challenging market conditions across the region.”
Fletcher joined BNY Mellon in 2008 as head of Structured Products, Corporate Trust, EMEA. He has significant experience in managing a portfolio of market-leading business lines that have provided a full range of trustee, agency and administration services across the debt capital markets. Prior to joining BNY Mellon Fletcher spent five years with JPMorgan Chase Worldwide Securities Services as Business Head for Structured Finance Services and then Global Head of Risk, based in New York. This was followed by three years at Barclays Capital Services Ltd as Global Head of Operational Risk.
BNY Mellon Corporate Trust services $11.9 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.