People Moves
BNY Mellon Trust Announces New President
Timothy Vara has been named president of
Bank of New York Mellon Trust, with effect from 1 January
2011.
Vara became part of BNY Mellon in 2006 when he managed the
corporate trust public finance central region and oversaw 16
organizations with over 32,000 trust accounts and $90 billion in
investment assets. He takes over from
Troy Kilpatrick, who has recently been appointed head of
global business development for BNY Mellon Corporate Trust.
BNY Mellon Corporate Trust services almost $12 billion in
outstanding debt in 20 countries. Its range of services includes
debt trustee, paying agency, escrow, and other fiduciary
offerings.
