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.”

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