McAuley joins BNY Mellon
06 April 2011 Boston
Image: Shutterstock
BNY Mellon Asset Servicing has named Michael McAuley to the newly created position of managing director, senior business strategist, for the Global Â鶹´«Ã½ Lending Business.
McAuley, who is based in Boston and reports to Kathy H. Rulong, executive director of securities lending, is responsible for leading the securities lending business' efforts to identify and capitalise on new opportunities in a changing business, tax and regulatory environment.
"Mike McAuley has a wealth of experience working with the Â鶹´«Ã½ and Exchange Commission, the Federal Reserve Bank of New York, and other important regulators," said Rulong. "In an environment of increased global regulatory activity, we recognise the importance of having a senior manager devoted to the relevant issues and developments."
McAuley had been a senior managing director for Premier Global Â鶹´«Ã½ Lending and previously had been a senior managing director and the chief product officer for securities finance at State Street Bank and Trust Company. He was one of the Group of Eight who left State Street last summer to create the firm, but it has so far had a disappointing time attracting investors.
McAuley also is the chairman of the Â鶹´«Ã½ Lending Committee of the Risk Management Association (RMA) and a member of the RMA board. He was awarded his bachelor's degree by Boston College and juris doctorate from Suffolk University Law School.
McAuley, who is based in Boston and reports to Kathy H. Rulong, executive director of securities lending, is responsible for leading the securities lending business' efforts to identify and capitalise on new opportunities in a changing business, tax and regulatory environment.
"Mike McAuley has a wealth of experience working with the Â鶹´«Ã½ and Exchange Commission, the Federal Reserve Bank of New York, and other important regulators," said Rulong. "In an environment of increased global regulatory activity, we recognise the importance of having a senior manager devoted to the relevant issues and developments."
McAuley had been a senior managing director for Premier Global Â鶹´«Ã½ Lending and previously had been a senior managing director and the chief product officer for securities finance at State Street Bank and Trust Company. He was one of the Group of Eight who left State Street last summer to create the firm, but it has so far had a disappointing time attracting investors.
McAuley also is the chairman of the Â鶹´«Ã½ Lending Committee of the Risk Management Association (RMA) and a member of the RMA board. He was awarded his bachelor's degree by Boston College and juris doctorate from Suffolk University Law School.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
