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BNY Mellon subsidiary Pershing taps EuroCCP for EMEA lead

Boardroom_table1.jpgBNY Mellon subsidiary Pershing has appointed Cécile Nagel as chief executive officer of its EMEA business, Pershing Limited.

Nagel will lead the EMEA management team to develop Pershing Limited in the UK, the Channel Islands and pan-European distribution hub Ireland. The role will see her develop partnerships with financial institutions and provide leading custody, clearing, settlement and trading solutions.

She will become a member of Pershing’s global executive committee and based in London. Her appointment will be effective October 2022.

Nagel is currently the CEO of the European Central Counterparty (EuroCCP), a role she 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 also led the launch of its clearing equity derivatives service and oversaw the EuroCCP’s acquisition by Cboe Global Markets in July 2020.

Before leading EuroCCP, Nagel 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, CEO, Pershing, commented: “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”.

Nagel 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,” she said.

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