BNY Mellon has appointed a new corporate trust head for its Australian operations as it seeks to expand in the area.
Rob Wagstaff, formerly European head of corporate trust for BNY Mellon will take on the new role of corporate trust market head in Australia.
In his new role Mr Wagstaff will be leading the BNY’s Australian office and part of the brands effort to rebuild in the Australian securitizations market.
A BNY Mellon spokesperson said that Mr Wagstaff would be leading the charge as the company grew its offering in Australia.
“Wagstaff and his team will enhance products and services that help clients take the greatest advantage of the broad range of services that BNY Mellon offers as well in other lines of business in Australia and globally,” they said.
BNY Mellon has recognised Australia as a priority growth market and Mr Wagstaff will work with issuers across the global debt market as he builds the company’s offerings.
“BNY Mellon is actually the only global trust provider that operates at scale in the Australian market. Wagstaff’s appointment reflects a commitment to grow that business further,” he said.
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