Timothy F. Keaney was named CEO of investment services at BNY Mellon, confirmed spokesman Kevin Heine.
Mr. Keaney's position is new; he will oversee BNY Mellon's investment services following a move to bring its asset servicing, corporate trust, global markets, global collateral servicing, depository receipts, broker-dealer services all under investment services. Mr. Keaney will continue to report to Chairman and CEO Gerald Hassell.
“This new structure allows for strong alignment across all our businesses,” Mr. Heine said in a telephone interview. “It will increase our collaboration and client services.” Also, Brian T. Shea was named president of investment services and head of global operations and technology. His title of president is new, and he replaces Kurt Woetzel as head of global operations and technology. Mr. Woetzel was appointed earlier this year to head of global collateral services.
Mr. Keaney is vice chairman and CEO of asset servicing, which will still fall under his purview in his new position. Mr. Shea will continue in his role as CEO of BNY Mellon's Pershing subsidiary and as head of broker-dealer and adviser services.
Also as part of the restructuring, Karen B. Peetz was named president of BNY Mellon, assuming the title from Mr. Hassell. Ms. Peetz is vice chairman and CEO of financial markets and treasury services. Mr. Heine said the position will not be filled as the division is moved under investment services.
All three promotions are effective Jan. 1.