The role, which is a London-based one, takes effect in October.

BNY Mellon’s Pershing business has appointed financial industry senior figure Cécile Nagel as chief executive officer for Europe, Middle East and Africa.

Nagel, who will be based in London, is due to start in October once regulatory approvals are granted, the firm said in a statement yesterday. Elizabeth Canning – the chief operating officer of Pershing EMEA – has been acting as interim CEO until Nagel's appointment takes effect, a spokesperson for the US firm told this news service.

Nagel “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,” it said.

Since 2018, Nagel has been the chief executive of the European Central Counterparty. She led the launch of its clearing equity derivatives service and oversaw the EuroCCP’s acquisition by Cboe Global Markets in July 2020. 

Before EuroCCP, Nagel had a series of senior management roles at the London Stock Exchange Group, Oliver Wyman, and the former Financial Services Authority (now called the Financial Conduct Authority). She holds a master’s in management from ESCP Business School and is a CFA charter holder.

BNY Mellon’s Pershing organisation and its subsidiaries provide broker-dealers, asset managers, intermediary firms, IFAs, and financial institutions across EMEA with products, services, and solutions including fully-disclosed custody, clearing and settlement for wealth managers and advisors as well as institutional global clearing and trading services.