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BNY Mellon hires German depotbanking expert
27 November 2013
Global investments company looks to consolidate position in key market
BNY Mellon has appointed Lars Hella as head of depotbank
services in Germany. Based in Frankfurt, he will report to
Laura Ahto, COO of investment services, Germany.
Hella joined BNY Mellon's German branch in July 2014 and moves
into his new role from the global securities operations area.
He has extensive industry experience of depotbanking (in both
Germany and Luxembourg), global custody, capital management
companies, fund accounting and fund administration having
previously held positions with the German consulting firm
itechx, Caceis and State Street.
Thomas Brand, head of investment services for Germany at BNY
Mellon said, "In his new role, Lars will be key to driving
excellence and innovation around our established depotbanking
His long experience and broad expertise in this space means he
is ideally placed to further consolidate BNY Mellon's
reputation as a leading provider of depotbank services here in
Germany and to ensure our clients benefit to the full from the
significant investment and intellectual capital we have
committed to this business."
BNY Mellon in Germany has depotbank volumes of 133.5bn
euros and asset under custody and/or administration of