15 May 2017
New York
Reporter: Theo Andrew
BNY Mellon eyes real estate push, names two CEOs
BNY Mellon has appointed two new CEOs in a leadership reshuffle as it bids to develop its real estate and exchange-traded fund (ETF) services.

Frank La Salla has been promoted to CEO of its corporate trust business. He succeeds Eric Kamback, who is retiring after 36 years at BNY Mellon.

Chandish Iyer will take over as CEO of alternative investment services (AIS) and structured products, effective 23 May.

In his new role, Iyer will continue BNY Mellon’s push in real estate and ETF services.

He was previously global head of the middle-office solutions group at BNY Mellon and will report to Samir Pandiri, CEO of asset servicing.

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 programme management across large-scale initiatives in client management, clearing and prime brokerage.

Pandiri, said: “Chandresh Iyer 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.”

Shea said: “Under Frank La Salla’s leadership, we have made strategic platform investments in the real estate fund administration, ETF services, and hedge fund administration businesses, strengthening our client value proposition and enhancing our growth potential.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Top-end investors leaving hedge funds for real estate safe haven
21 July 2018 | London | Reporter: Theo Andrew
Factors such as low interest rates, well priced public equity markets and anticipation of a regulatory role-back have all helped boost investor confidence into real estate
San Diego pension fund plans sale of DAM assets
21 July 2017 | San Diego | Reporter: Theo Andrew
The pension fund has already committed to investing $47 million into RREEF America REIT II, a US open-ended core fund
M&G grows Nordic portfolio with industrial purchase
21 July 2017 | Denmark | Reporter: Theo Andrew
M&G Real Estate has acquired an industrial portfolio of three assets in Denmark, for €59.3 million
AXA IM - Real Assets completes Bodio Centre purchase
20 July 2017 | Milan | Reporter: Theo Andrew
AXA IM - Real Assets acquired the additional two office buildings and two retail assets in 2013
J.P. Morgan bags Denver apartments for $127.4 million
20 July 2017 | Denver | Reporter: Theo Andrew
Completed in 2015 at a development cost of $88 million, the class-A community spans 300 units with an average size of 1,243 square feet
UBS fully commits £242 million debt fund
19 July 2017 | London | Reporter: Theo Andrew
Since its final close in December 2015, the £242 million closed-ended fund has made 17 loans, building a portfolio of 74 assets across England and Scotland
Redefine covets larger share of International Hotel Properties
19 July 2017 | London | Reporter: Theo Andrew
Consideration will be made through the issue of 2.5 Redefine shares for every 1 IHL share held, meaning over 45.8 million of new Redefine shares will be allotted