BNY Mellon appoints Meaden 07 December 2022UK Reporter: Carmella Haswell
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BNY Mellon has appointed former Aviva Investors head of securities finance Ben Meaden as director of securities finance.
Based in the UK, Meaden will report to Simon Tomlinson, global head of securities finance trading.
The appointment follows the decision by Aviva Investors to move its securities finance team to BNY Mellon.
He takes on the role after almost 20 years at Aviva Investors, where he was most recently head of securities finance.
Meaden joined Aviva Investors in 2003 as a desk assistant before becoming a securities finance trader in 2005, where he handled securities lending, repo and funding transactions.
He was later promoted to head of trading for securities finance prior to entering his latest role.
Previously, Meaden worked within collateral management at Maple Securities in 2003.
In September, Aviva confirmed that it had to provide an integrated operating model for middle and back office, along with selected front-office support services.
This forms part of a broader asset servicing solution, through which BNY will offer custody, fund administration and depository services, alongside front-office solutions including performance measurement and mandate monitoring. Among other benefits, this will extend the advantages of BNY Mellon cloud-based data platform, Data Vault, to support Aviva鈥檚 investment activities.
Speaking at the time of this announcement, Aviva Investors鈥� CEO Mark Versey explained that Aviva had entered into an asset-servicing partnership arrangement with BNY Mellon as part of the efforts to streamline its supplier model and to deliver a 鈥渂est-in-class, scalable operating model for the benefits of our business and clients鈥�.
鈥淥utsourcing some of these services to BNY Mellon will allow us to enhance our client proposition and improve operational efficiency," Versey explained.
Roman Regelman, CEO of Securities Services and Digital at BNY Mellon, commented: "Our innovative, data-centric operating model, flexible technology and comprehensive capabilities will enable Aviva Investors to focus on delivering an exceptional client experience. We are delighted to support Aviva Investors on its journey to transform its operating model."
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