22nd June 2018

BNY Mellon names new Chief Executive Officer, Treasury Services

BNY Mellon has announced that Paul Camp will join the company as Chief Executive Officer, Treasury Services, effective 20th August, 2018. Mr Camp will report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management, and be based in New York. He succeeds Ian Stewart, who is leaving the company, on 11th July, 2018.

Mr Camp said: "I am excited to join BNY Mellon and look forward to working with the many talented executives within the critical Treasury Services business and with our clients around the world."

"I am thrilled that Paul is joining BNY Mellon," said Mr Gibbons. "He is an accomplished executive with 25 years of experience leading global teams across cash management, trade finance and commercial payments. Paul is a strategic thinker who is passionate about innovation, clients and developing talent. His leadership will be integral in continuing to evolve our Treasury Services business as we work to better serve our clients.

"I would like to sincerely thank Ian for his long-standing commitment, leadership and many contributions to our company. We wish him well in his next chapter."

Mr Camp joins BNY Mellon from HSBC, where he led two strategic business priorities: business transformation and innovation for global liquidity and cash management; and financial institutions and public sectors across cash management and trade finance. Prior to HSBC, Mr Camp was CFO of Circle Internet Financial, and prior to that held senior roles at JP Morgan – with responsibility for Global Cash Management, Payments, Liquidity and Escrow – and Deutsche Bank.