BNY Mellon Corporate Trust has named Richard Stanley and Debra Baker to oversee its structured finance business lines, the firm announced today.
Stanley, with more than 25 years of experience in several different roles within the firm, will now be responsible for the growth and administration of structured finance for ABS, MBS, and collateral management, as well as the GSR and asset solutions business units.
He was previously head of global product management for BNY Mellon Alternative Investment Services.
Baker, who also has more than 25 years of experience in senior product management, strategy, and risk management roles, will manage the CDO business, including related ancillary products. She was previously the firm’s chief administrative officer.
"Rick and Debra have extensive experience within the securities servicing industry and a deep understanding of the corporate trust business," said Scott Posner, CEO of BNY Mellon Corporate Trust. "Their leadership and strategic insight will add value to our structured credit business lines and enable us to enhance our servicing capabilities."