Aug 23, 2013
London, August 20th 2013 - BNY Mellon, the global leader in investment management and investment services, has hired Gesa Benda as Global Collateral Services product segment manager for clearing houses, based in Frankfurt.
Benda will manage key clearing house relationships and drive the development of BNY Mellon's GCS business in Europe. She will report to Staffan Ahlner, managing director, Global Collateral Services.
Benda has over 20 years industry experience and joins from Eurex, Europe's largest central counterparty clearing house (CCP), where she was head of derivatives clearing business development. At Eurex she was responsible for establishing the CCP's cash equity clearing and implementation of client asset protection and collateral management strategy. Gesa has also previously held roles at KPMG and Deutsche Bank.
Staffan Ahlner, managing director, Global Collateral Services at BNY Mellon, said: "Gesa's appointment underlines our commitment to continuing to build our Global Collateral Services business and grow its footprint in the EMEA region. Gesa brings with her a wealth of knowledge and a proven ability to manage key relationships and drive growth, which will be invaluable as we execute our global business strategies. We want GCS to be the first port of call for all of our client's collateral needs through an approach that is at once global in scope and tailored to their specific regional requirements. Gesa's notable experience will greatly contribute to our success in meeting that goal."
Global Collateral Services offers a comprehensive suite of capabilities to help our clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon's products and services to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services $2 trillion in global collateral (including tri-party repo collateral worldwide) and approximately $100 billion in assets through its Liquidity DIRECT SM investment portal, and operates one of the industry's largest securities lending programs, with $3 trillion in lendable assets.
Re-disseminated by The Asian Banker