BNY Mellon has appointed Antonio I. Portuondo president of The Bank of New York Mellon Trust Company, N.A., a nationally chartered trust company with offices throughout the United States, effective May 7, 2014.
In his role as president, Portuondo will oversee the company, which delivers a broad range of trust, custody and agency services to issuers of debt and institutional investors. Portuondo replaces Troy Kilpatrick, who recently left the company.
Portuondo joined BNY Mellon in 1998 and is currently head of the public, not-for profit sales and relationship management team in the U.S. for BNY Mellon Corporate Trust. In this role, he has primary responsibility for the public, not-for profit corporate trust business, comprising more than 10,000 clients. Portuondo, who has more than 21 years of experience in the corporate trust industry, has held a variety of management positions in account administration, sales and relationship management. He also served as the chief administrative officer for the public, not-for profit Corporate Trust business.
“Tony has consistently demonstrated the value of his experience with the public, not-for profit sector and his expertise in relationship management, making him an ideal choice for this strategically important position. As we build for the future, his deep understanding of the corporate trust business will be key to our success,” said Eric D. Kamback, CEO of BNY Mellon Corporate Trust.
As of March 31, 2014, BNY Mellon Corporate Trust served as trustee and/or paying agent on more than 65,000 debt-related issues globally. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management.