BNY Mellon Appoints New Trust President

Published 1 Min Read

Bank of New York Mellon Corp. has named one of its longtime executives to head up its trust company.

Troy L. Kilpatrick took over as president of the Bank of New York Mellon Trust Co., a position he held from February 2009 to December 2010, the custody bank said on Wednesday.

Kilpatrick replaces Timothy Vara, who was recently named as head of the transaction management group for BNY Mellon Corporate Trust.

With 25 years of experience in the corporate trust industry, Kilpatrick has held management positions in operations, account administration and sales. He joined BNY Mellon in 1999.


For reprint and licensing requests for this article, click here.


More From Asset Securitization Report

BNY beats estimates, stays mum on merger rumors

CEO Robin Vince refused to comment on "rumors or speculation" about a potential merger between the custody banking giant and its smaller rival, Northern Trust. He also said that the bar for BNY to engage in M&A is "very high."

By Nathan Place
National Reporter
American Banker