The Bank of New York Mellon has appointed Andrew Dollery as vice president, alternative investment services sales, and Roman Seydoux as vice president, AIS relationship management. Both will be based in London and report to David Aldrich, managing director, alternative investment and broker-dealer services for the EMEA region.
 
Mr Dollery and Mr Seydoux join from Merrill Lynch and Morgan Stanley, respectively. The appointments are intended to strengthen the bank's ability to support hedge funds and private equity companies, many of whom the bank believes are re-evaluating their administrative support as they seek to improve counterparty risk and their corporate governance programs.
 
Mr Aldrich said: "We are expanding our footprint with both private equity and hedge fund managers, who are looking for innovation and creativity in these challenging market conditions."
 
The bank has $22.4 trillion in assets under custody and administration, approximately $1.1 trillion in assets under management and services approximately $12 trillion in outstanding debt.