People Moves
BNY Mellon Trust (Japan) Bolsters Corporate Trust With New President, CEO

BNY Mellon Trust (Japan) has promoted
Dominick Falco to president and chief executive in a bid to
strengthen its corporate trust offering in the country.
Falco was previously the Asia managing director of broker-dealer
services. In his new role, he moves from Hong Kong to Tokyo and
takes over from
Takayuki Inukai, who has retired.
Corporate trusts in Japan are selected by debt issuers and fund
management institutions to provide various services related to
debt and collateral administration. These cover portfolio and
transparency analytics, reporting, and final asset disposition
and distribution.
The Japan trust arm is the product of BNY Mellon's acquisition of
JP Morgan Trust Bank in Japan in 2008. It services around
$12 trillion worth of outstanding debt across 20 countries.