In her new role, Melvan will be responsible for operations including fund accounting, data management, risk controlling and compliance monitoring. Thomas Grünewald continues in his role as a member of the executive board at BNY Mellon Service KAG.
As Managing Director and Head of Operations at BNY Mellon Asset Servicing, Melvan was previously responsible for securities operations and client services in Germany, together with depotbanking services for Continental Europe.
Melvan joined BNY Mellon in 2007; she previously held various management posts at other global custodians and major banks. She initially transferred across to BNY Mellon Service KAG to take the role of General Representative on July 1, 2012.
Juergen P. Frank, Chairman of the Supervisory Board at BNY Mellon Service KAG, said: 'Katarina Melvan has many years of experience and given her proven expertise she is the ideal person to drive forward the expansion of our end-to-end value chain covering our front, back and middle office solutions'.
BNY Mellon KAG has seen business grow significantly in 2012 due to a number of key new outsourcing mandates , with assets under administration up from EUR100.4 bn at the beginning of the year to EUR128.2 bn at the end of October 2012.
BNY Mellon has been serving clients in Germany since 1931. The company opened its first office in Frankfurt in 1972. Following its acquisition in August 2010 of BHF Asset Servicing and Frankfurter Service KAG, the company now has just under 600 employees in Germany. In addition to asset servicing, depotbanking, fund administration and asset management, BNY Mellon is active in Germany in the areas of corporate trust, treasury services, collateral management, depository receipts and client management. It has over 200 institutional relationships in Germany, including more than 20 DAX-listed corporations, and offers regional coverage for 14 countries in the German speaking and Central Eastern and South Eastern European region.