BNY Mellon Corp., the world’s largest custody bank, hired Dan Mulholland of RBC Capital Markets as head of U.S. Treasury trading in its capital markets unit and recruited an eight-person team specializing in mortgage-backed securities from Ally Securities.
The mortgage team will be led by Dave Piersol as head of sales and Joe Gaziano as head of MBS pass-through trading, New York-based BNY Mellon said in a statement today. On the Treasury side, Avram Altaras also joined the bank from RBC.
The new additions will help enhance “our ability to service clients across the full-range of fixed-income securities,” Gary Strumeyer, president of BNY Mellon Capital Markets, said in the statement. The capital markets group is a non-bank broker dealer subsidiary of the bank.
BNY Mellon has $27 trillion in assets under custody and $1.3 trillion in assets under management. The shares have gained 9.2 percent this year.
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