Bloomberg News

BNY Mellon Hires Mulholland as Head of U.S. Treasury Trading

August 06, 2012

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.

To contact the reporter on this story: Charles Stein in Boston at

To contact the editor responsible for this story: Christian Baumgaertel at

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