BNY Mellon has employed a former Goldman Sachs senior director in a brand new function that centralises the management for the custodian’s capital markets companies.

Robin Vince has been appointed as vice chair and CEO of International Market Infrastructure, the place he can have oversight of Clearance and Collateral Administration, Treasury Providers, Markets and Pershing companies.

Vince will tackle the function from 1 October and report back to Todd Gibbons, CEO of BNY Mellon.

“In keeping with our progress agenda and our technique to proceed constructing platforms on which our shoppers can develop and drive profitability, we’re happy to nominate an government of Robin’s calibre as vice chair and of BNY Mellon and CEO of International Market Infrastructure,” stated Gibbons. 

“By bringing these 4 complementary companies collectively underneath his management, we’re higher positioned to develop into the central facilitator in our shoppers’ capital markets ecosystems – throughout markets, asset lessons and geographies.”

BNY Mellon acknowledged the creation of the function will assist the financial institution obtain synergies throughout the 4 enterprise models as a way to present elevated worth to shoppers and ship extra end-to-end options. 

Vince beforehand spent over 26 years at Goldman Sachs the place he was a long-time associate and member of the financial institution’s administration committee. 

Throughout his time with Goldman Sachs, he served in a number of the financial institution’s most senior roles, together with chief danger officer, head of operations, CEO of Goldman Sachs Worldwide Financial institution, and head of worldwide repo buying and selling and funding, amongst a number of others. 

He additionally served on a number of key subsidiary boards and governance committees, together with being a board member and committee chair of the DTCC for 4 years.

“BNY Mellon is an historic establishment with a wealthy legacy and repute for serving as a trusted steward for the worldwide monetary markets, and I’m excited to assist construct on that legacy going ahead. The corporate has an unparalleled consumer portfolio and is uniquely positioned to be the platform by means of which our shoppers proceed to construct and develop worthwhile companies,” added Vince. 

“We’ll give attention to increasing options throughout our shoppers’ full vary of wants and deepening our already strong relationships.”