August 24, 2022
LONDON — BNY Mellon’s Pershing, a leading global provider of financial business solutions, is pleased to announce the appointment of Cécile Nagel as Chief Executive Officer of its EMEA business, Pershing Limited. Cécile will become a member of Pershing’s global Executive Committee and will be based in London. Her appointment will be effective October 2022, subject to customary regulatory approvals.
Cécile will lead the EMEA management team to realise the business’ next phase of growth, unlocking opportunities for Pershing Limited in the UK, Channel Islands and Ireland to partner with financial institutions and provide leading custody, clearing, settlement and trading solutions to them.
Cécile is a highly experienced business leader, with deep expertise in technology, and has a proven track record in driving growth and transformation in regulated industries. Cécile is currently the CEO of the European Central Counterparty (“EuroCCP”), a role Cécile has held since 2018. She consolidated EuroCCP’s position as a leading pan-European cash equities central counterparty, providing clearing services to 47 trading venues across Europe. She led the launch of its clearing equity derivatives service and oversaw the EuroCCP’s acquisition by Cboe Global Markets in July 2020.
Prior to leading EuroCCP, Cécile held several senior management roles at the London Stock Exchange Group, Oliver Wyman, and the former Financial Services Authority. She holds a Master’s in Management from ESCP Business School and is a CFA charter holder.
Jim Crowley, Chief Executive Officer, Pershing, commented: “We are delighted to welcome Cécile to Pershing as CEO of our EMEA business. Following a competitive selection process, we have chosen a high-quality industry professional who shares our vision for growth. Cécile has a demonstrable track record of leading successful, technology-enabled businesses and their people to deliver outstanding client service to financial institutions, safely and efficiently. Pershing in EMEA is in a genuine position of strength as the wealth, asset managers and banks we serve continue to undergo structural transformation in the way they deliver investment and advice to clients”.
Cécile Nagel, Chief Executive Officer designate, Pershing Limited, added: “I’m excited to join Pershing’s EMEA business at a critical time for our clients, who are grappling with complex challenges as a result of heightened market uncertainty and changes in the way people and organisations invest their wealth and manage their assets. These institutions already see Pershing as a trusted, long-term solutions provider, and that will not change. I look forward to meeting my new colleagues and building on an impressive growth story for the EMEA business.”
About BNY Mellon’s Pershing Limited
BNY Mellon’s Pershing Limited and its subsidiaries provide broker-dealers, asset managers, intermediary firms, IFAs, and financial institutions across EMEA with a comprehensive range of products, services, and solutions including fully disclosed custody, clearing and settlement for wealth managers and advisers as well as institutional global clearing and trading services. Established in London in 1987, Pershing Limited and its subsidiary, Pershing Securities Limited (through which Pershing Trading Services in EMEA is operated), are members of the London Stock Exchange and CREST. Pershing Limited is also a member of LCH Limited (EquityClear®). Pershing Securities Limited is a member of various markets and clearing houses including LCH SA and EuroCCP NV. Pershing Limited is an affiliate of Pershing LLC, a leading global provider of financial business solutions to institutional and retail financial organisations and independent investment advisers. Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major US securities exchange, and both are subsidiaries of The Bank of New York Mellon Corporation. Additional information is available at pershing.com/europe.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2022, BNY Mellon had $43.0 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.