BNY Mellon Hires Deutsche's Neal to Lead Markets Group

Aug 31 2015 | 7:31pm ET

The Markets Group division of BNY Mellon has hired former Deutsche Bank executive Michelle Neal as president. 

Most recently global head of listed derivatives, markets clearing and fixed income market structure with Deutsche, Neal brings a wealth of financial services industry experience to the bank’s Markets Group, including global fixed income, FX, equity markets, collateral services, clearing, and electronic trading, according to a press release.

She will start on November 30 in the group’s New York headquarters and and report to BNY Mellon vice chairman Curtis Arledge, noted the release. 

Created just over a year ago, BNY Mellon’s Markets Group is one of the company’s fastest growing segments. It helps clients access capital, financing and liquidity by providing an extensive suite of foreign exchange, securities finance, collateral management and segregation, capital markets, liquidity and prime brokerage services. 

"The Markets Group's extraordinary success demonstrates how well the Group's extensive and complementary capabilities align with the needs of investors in today's evolving market landscape," said Curtis Arledge.  "Michelle's leadership experience, especially as it relates to innovation in electronic trading and her expertise across the entire spectrum of Markets Group activities make her the perfect leader to continue to drive the Markets Group's strong performance."

Previous to her position with Deutsche Bank, Neal held senior leadership positions with Nomura International, Royal Bank of Scotland, Fidessa LatentZero and Goldman Sachs.  She began her career at MFS Investment Management in an analyst capacity. 

BNY Mellon is active in 35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. 

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