Bank of New York has combined its U.S. and European asset-servicing businesses into one unit based in London, and it also combined its client management businesses, according to Kevin Heine, a bank spokesman.
The global investor services unit will be headed by Timothy F. Keaney, who was promoted to senior executive vice president from executive vice president. Mr. Keaney will remain head of investor services for Europe. Patrick Curtin, executive vice president, will continue to manage the investor services business in the United States.
Torry Berntsen was promoted to senior executive vice president from executive vice president. He will run the new global client management unit, which is based in New York and combines client management teams in more than 100 markets worldwide into one unit. Also, Kenneth A. Lopian was promoted to senior executive vice president and deputy head of global client management; he was executive vice president, and he will continue to oversee global sales coordination for the bank.