BNY Mellon Appoints Dean Sakati as Head of Strategy and Business Development for
Securities Financing Program
NEW YORK and BOSTON, April 1, 2013 -- BNY Mellon, the global leader in investment management and investment servicing, has appointed Dean Sakati to develop and implement business strategy in the newly created position of Head of Strategy and Business Development for Securities Finance within the company's Global Collateral Services business.
Sakati, is based in Boston and will report to Mike McAuley, managing director of product and strategy for Securities Finance at BNY Mellon.
"Dean brings a wealth of experience in developing and implementing organic business strategies, forming business partnerships and making strategic acquisitions," said Nadine Chakar, executive vice president and head of product development and strategy for BNY Mellon's Global Collateral Services business. "The scale of regulatory and market change that we are seeing around the world means that we must continue to invest and innovate to deliver new solutions both within the collateral space and across the entire investment lifecycle."
"As they face increasing pressure to deliver results, clients can leverage BNY Mellon's services to help manage counterparty and market risk in their collateral transactions, engage in new investment opportunities to help maximize their returns and access new financing alternatives," said Global Collateral Services CEO, Kurt Woetzel.
Sakati joins BNY Mellon from AXOPA, where he was one of the founders of a buy-side focused company that brings together leading financial trading technologies to help clients through the investment management process. Previously, Sakati was a member of State Street Global Markets' Executive Management Group, where he served as Chief Strategy and Administration Officer, leading strategy development, finance, risk management and administration.
Sakati earned his bachelor's degree in accounting from State University of New York-Oswego and his master's in business administration from Boston College's Carroll School of Management. Sakati is also a retired U.S. Army officer, having served 21 years in the U.S. Army Reserves.
Global Collateral Services offers a comprehensive suite of capabilities to help institutional investors address their collateral, liquidity and securities financing needs. BNY Mellon currently services $2 trillion in global collateral (including tri-party repo collateral worldwide) and approximately $100 billion in assets through its Liquidity DIRECTSM investment portal, and operates one of the industry's largest securities lending programs, with $3 trillion in lendable assets.
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 management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 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, or follow us on Twitter @BNYMellon.