Nadine Chakar was named head of a new global financial institutions group at BNY Mellon Asset Servicing, confirmed spokesman Joe Ailinger.
The move follows BNY Mellon's July 1 acquisition of PNC's global investment servicing business for $2.3 billion.
Ms. Chakar, an executive vice president, was head of Europe, Middle East and Africa asset servicing. She was replaced by Frank Froud, executive vice president, who washead of client management for the U.S. Mr. Ailinger said Ian Stewart, part of Mr. Froud's client management team, replaces him as head.
BNY Mellon also announced that Steve Wynne, former CEO of PNC Global Investment Servicing, will become CEO of U.S. Funds Services. Nancy Wolcott, former president of PNC Global Investment Servicing, has been named head of U.S. Funds Services.
Lou Maiuri, currently global head of outsourcing at BNY Mellon Asset Servicing and chairman of Eagle Investment Solutions, has taken on an expanded role as head of U.S. financial institutions within the GFI group, covering investment managers, insurance companies and banks, according to a news release.