Mellon Transition Management Expands Global Capabilities
March 24 2009 - 8:43AM
PR Newswire (US)
Business Volume Continues to Grow Rapidly for Award Winning Group
SAN FRANCISCO and LONDON, March 24 /PRNewswire-FirstCall/ -- Mellon
Transition Management (MTM), the transition management specialist
for BNY Mellon Asset Management, has announced the appointment of
Tim Wilkinson and his team of transition management professionals
to its award-winning global business. The seven-strong group
joining MTM will be based in London, increasing the global team
representing the business to 50. The team had been part of Citi
Transition Management, the transition management business of
Citigroup Markets Ltd. Wilkinson has been named Managing Director
for Europe, the Middle East and Africa for MTM. At Citi, Wilkinson
was a Managing Director and established the transition management
business for Citi in the Asia Pacific region and EMEA. He will help
drive the growth of MTM in the EMEA region alongside Director Mark
Dwyer, who is responsible for sales and who has been instrumental
in the growth and success of the MTM business in EMEA. Citi
veteran, Toby Goold, will join Dwyer in the sales effort as
Director. Project Managers joining from Citi include Greg
Metzmacher and Raymond Pestana, both as Directors, and Andrew
Cooper, as vice president. Robert Dixon and Chloe Wilson will also
join the team, as Associates. "We are pleased to add these talented
individuals who have significant experience in building transition
management businesses in both EMEA and Asia-Pacific," said Mark
Keleher, chief executive of MTM. "They will complement our presence
in both London and Sydney, Australia, as we continue to expand. Tim
will work closely with both myself and Christine Carr Smith, our
president and chief operating officer, in defining the footprint
for our continued growth globally." Keleher said the transition
management business is being heavily influenced by the credit
crisis and market volatility. "As a result of these factors,
transition managers such as MTM, which operate under the fiduciary
model, are benefiting because of their commitment to transparency,"
he said. "We are continuing to add market share and our volumes
have compounded at more than 40 percent annually over the last
three years. Last year, the EMEA and Australian elements of our
business grew at almost three times the rate of our U.S. and
Canadian-based businesses." Mellon Transition Management was
recently named "2009 Transition Manager of the Year" for the second
successive year at the 2009 Global Pensions Awards. The business
has been ranked as one of the top two providers worldwide by Global
Investor every year for the past four years. Plan Sponsor awarded
MTM more "Best in Class" Awards than any other provider in 2008.
Notes to Editors The Bank of New York Mellon Corporation is a
global financial services company focused on helping clients manage
and service their financial assets, operating in 34 countries and
serving more than 100 markets. The company is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services, clearing
services and treasury services through a worldwide client-focused
team. It has $20.2 trillion in assets under custody and
administration, $928 billion in assets under management, services
more than $11 trillion in outstanding debt, and processes global
payments averaging $1.8 trillion per day. Additional information is
available at http://www.bnymellon.com/. DATASOURCE: The Bank of New
York Mellon Corporation CONTACT: Mike Dunn, +1-212-922-7859, , or
Sara Deutscher, +44-20-7163-2744, , both of The Bank of New York
Mellon Corporation Web Site: http://www.bnymellon.com/
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