BNY Mellon names Cécile Nagel as global head of Corporate Trust

BNY Mellon has named Cécile Nagel as global head of the Corporate Trust from 1 October, succeeding James Slater, who will retire at the end of September.

Cécile is currently Head of BNY Mellon's Pershing EMEA business and will be replaced by Dennis Wallestad, subject to corporate governance and regulatory approval.

"While James's presence and leadership will be deeply missed, I'm thrilled to welcome Cécile Nagel," said Roman Regelman, Senior Executive Vice President and Global Head of Securities Services and Digital. "Cécile brings a rich global understanding of market infrastructure, trading, and post-trade and is a proven senior leader with deep experience in transformation."

Prior to joining BNY Mellon's Pershing in 2022, Cécile was the CEO of EuroCCP, Europe's leading cash equities central counterparty, and held several leadership positions at the London Stock Exchange Group.  

BNY Mellon's Corporate Trust business delivers a full range of issuer and related investor services, including trustee, paying agency, fiduciary, escrow and other financial services. We are a leading provider to the debt capital markets, providing customized and market-driven solutions to investors, bondholders and lenders.

Cécile will report to Roman Regelman.

Dennis, who is based in London, brings a deep understanding of the BNY Mellon | Pershing business as he becomes Head of Pershing EMEA. He most recently served as CFO and Head of Transformation for Pershing EMEA. He first joined the firm in 2002 as CFO of BNY Clearing, and served as the global CFO for Pershing and as the CEO, COO and CFO for Pershing Australia. He has held various other senior positions throughout his career, including EMEA CFO at JPMorgan Chase and CFO for JPMorgan Chase's Treasury & Securities Services group.   

"Cécile has shown impressive leadership during her tenure as Head of Pershing EMEA, laying a strong foundation for our continued growth in the region," said Jim Crowley, global head of Pershing. "We are fortunate that Cécile will remain within BNY Mellon, and we are equally fortunate to have Dennis succeed her. Dennis has a deep understanding of our business and is ideally positioned to ensure that we continue to best serve our clients."