BNY Mellon has named Deutsche Bank’s derivatives expert Michelle Neal as president of its Markets Group.
Neal worked at Deutsche Bank for a year and a half heading up its listed derivatives, OTC clearing, FX and fixed income prime brokerage businesses. She moved to Deutsche Bank from Nomura where she was head of electronic markets and prime services globally. She has also spent time at Goldman Sachs, RBS and Fidessa during her 17-year career.
Neal featured as the industry profile in the Q2 edition of The Trade Derivatives drawing on her range of expertise across the OTC and listed derivatives markets. Read the full story here.
The BNY Mellon Markets Group launched a year ago, and provides prime brokerage, collateral and FX services among its suite of offerings.
Neal will join BNY in November this year and will report to Curtis Arledge, vice chairman of BNY Mellon.
"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 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."