BNY Mellon’s dedicated managed accounts provider, HedgeMark, has added three new senior executives.
Bill Santos is global head of business development, responsible for global business development, marketing, and relationship management.
Maxine Alexis, head of the legal consulting group, will oversee all legal matters relating to the structuring and operation of HedgeMark’s Dedicated Managed Account (DMA) solution.
Neil Novembre, head of fund accounting, will oversee fund accounting operations for DMA.
In February, BNY Mellon announced an agreement to acquire its remaining ownership interest in HedgeMark. The deal was completed in early May.
“We’ve seen increased demand in the institutional marketplace for our services, and Bill, Maxine and Neil’s specialised expertise will be integral to our growth,” says Andrew Lapkin, CEO of HedgeMark. “They bring considerable experience in the managed account business, and we’re excited about adding such talented industry veterans to our team.”
With more than 25 years’ experience, Santos joins HedgeMark from Kenmar Olympia Group where he was senior managing director and head of institutional business development for the Americas and Japan.
Alexis has over 15 years’ experience and joins from Deutsche Bank where she was a senior legal counsel and most recently served as global co-head of DB’s alternatives legal practice group.
November, with 17 years in the industry, served as chief financial officer of DB Advisors Hedge Fund Group, responsible for their fiduciary business of domestic and offshore funds and managed accounts.
