• Published on 9 May 2017
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BNY Mellon appoints Frank La Salla as CEO of Corporate Trust Business and Chandresh Iyer as CEO of Alternative Investment Services and Structured Products

BNY Mellon, a global leader in investment management and investment services, announced today that Frank La Salla has been appointed Chief Executive Officer of its Corporate Trust business and will report to Brian Shea, Vice Chairman of BNY Mellon and Chief Executive Officer of Investment Services, effective May 23, 2017. La Salla, who currently serves as CEO of BNY Mellon's Alternative Investment Services (AIS) and Structured Products, succeeds Eric Kamback, who is retiring after 36 years with the company.

"Frank is a client- and market-driven leader with a proven track record of execution. Under Frank's leadership, we have made strategic platform investments in the real estate fund administration, exchange traded fund (ETF) services, and hedge fund administration businesses, strengthening our client value proposition and enhancing our growth potential," said Shea. "His international experience and industry knowledge will be instrumental in serving our clients well and positioning the Corporate Trust business for the next phase of its growth."

La Salla, a 23-year veteran of BNY Mellon, joined the company following the acquisition of BHF Securities Corporation. After several years as president and COO of BNY Global Clearing, he successfully led Pershing LLC's global client group for over a decade and served as a member of Pershing's executive committee. 

Chandresh Iyer, Global Head of BNY Mellon's Middle Office Solutions Group, has been appointed CEO of AIS and Structured Products, succeeding La Salla. Iyer will report to Samir Pandiri, CEO of Asset Servicing.

As CEO of AIS and Structured Products, Iyer will continue to build the company's real estate administration services and ETF services, while extending middle office solutions to our hedge fund administration clients.

"Chandresh brings an extensive asset and alternative servicing background to the AIS team, having spearheaded significant improvements to our asset manager, asset owner and hedge fund middle office solutions business," Pandiri added.

Iyer joined BNY Mellon two years ago from Citi's Investor Services business, where his responsibilities included asset servicing across various client segments. Prior to Citi, he was at Merrill Lynch where he supported institutional equity technology with strategic project and program management across large-scale initiatives in client management, clearing and prime brokerage.

Re-disseminated by The Asian Banker