BNYM hires Deutsche derivatives head as COO

Piers Murray will join as chief operating officer for BNY Mellon's markets division.

BNY Mellon has hired Piers Murray, former global co-head of listed derivatives and clearing at Deutsche Bank, as its new chief operating officer for its markets business.

The hiring of Murray comes six months after BNY Mellon poached Michelle Neal, former global head of listed derivatives, market clearing and FIC market structure at Deutsche Bank, as its new president of the markets unit.

Murray will join the bank from 15 June, based in New York and report to Neal.

“Piers will be instrumental in helping to industrialise our platform and strengthen our core business. We are excited to have him join our team,” said Neal.

Prior to his most recent role, Murray previously served as global head of OTC derivatives clearing and derivatives prime brokerage at Deutsche. He also led JP Morgan’s OTC clearing business for over two years.