Hedge fund services industry veteran brings deep experience in delivering innovative solutions
BNY Mellon, a global leader in investment management and investment services, announced today that Peter Salvage has joined the company in the newly-created role of Global Head, Hedge Fund Services. He will report to Chandresh Iyer, Chief Executive Officer of BNY Mellon's Global Alternative Investment Services and Structured Products business.
"Peter brings extensive experience in hedge fund middle and back office services, innovation and technology," said Iyer. "His deep knowledge and track record of results delivering business expansion strategies in the space, and his strong emphasis on understanding hedge fund client needs and innovation, will be critical for BNY Mellon in serving our expanding client base of hedge, credit and hybrid private equity funds."
In Salvage's new role, he will lead and execute the long-term strategy to drive growth in BNY Mellon's hedge fund services business. As part of this mandate, he will play a critical role in the successful enterprise-wide delivery of comprehensive solutions to the marketplace, and work to further develop long-lasting partnerships for BNY Mellon in the alternative investment services industry.
Salvage joins from SS&C Technologies Hedge Fund Services where he was Managing Director based in London and New York. Prior to SS&C, he was Citibank's EMEA Head of Hedge Fund Services and the business head/founder of Citi's OTC derivative and bank loan services. He previously served as Citi's Global Head of Single Manager Hedge Fund Services and the head of Citi Prime Brokerage's portfolio management technology service. Before joining Citi, he led JPMorgan's single manager hedge fund services business and was a management consultant to the securities services industry. Prior to his financial services career, Salvage was a broadcast journalist based in Berlin covering wars in Bosnia, Sierra Leone and Iraq.
Salvage is an acknowledged thought leader on services to hedge funds and credit funds, with many appearances in the press and at industry conferences. He holds an MBA from Northwestern University, an M.S. from Columbia University and a B.Sc. from The London School of Economics.
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, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).