• BNY Mellon expands its digital assets division with three senior hires

  • BNY Mellon, a global bank, has announced three senior hires in its digital assets team. The three executives will fill newly created roles at the company as it seeks to expand its cryptocurrency activities.

    Hadley Stern, formerly of Amazon Web Services’ Innovation Labs, has joined BNY as global head of digital custody. He will be in charge of the business and product development for the bank’s cryptocurrency custody tools.

    Benjamin Duve, the former head of digital assets and custody at Commerzbank, has joined BNY as a director of digital assets and blockchain. He will work to advance the bank’s digital assets products, which will range from cryptocurrency to tokenized assets.

    David Schwed has been appointed as BNY’s global head of digital asset technology. He comes to the bank from Galaxy Digital, where he was chief architect of information security. Schwed will be in charge of integrating the technology that powers BNY’s digital assets products into the bank’s existing systems.

    Since February of this year, BNY has been developing crypto custody products. The platform is collaborating with Fireblocks, a crypto security startup in which it has also invested.

    According to Roman Regelman, BNY Mellon’s CEO of asset servicing and head of digital, the hires are “yet another example of our ongoing commitment to attract top talent in a very competitive market to support our clients’ evolving needs across the investment lifecycle.”

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