BNY Mellon has appointed Jennifer Barker as CEO of its treasury services business, effective from 2 May 2022.
Barker will be responsible for BNY Mellon's domestic and cross-border payments, US dollar clearing, trade finance and liquidity management capabilities to clients in Asia Pacific (APAC) as well as Europe, Middle East and Africa and the Americas.
Sustainability will also be at the core of Barker's responsibilities, as the bank aims to favour digital alternatives that have a smaller carbon footprint for global payments and the wider trade supply chain.
In addition, Barker will become a member of the BNY Mellon executive committee.
Barker has almost two decades of experience in treasury services, both in the US and APAC.
She joins BNY Mellon from JP Morgan, where she held a wide variety of roles across commercial banking and payments, most recently serving as head of client service and implementation in the firm's payments business.
Paul Adamo, interim CEO of treasury services, will resume his previous role as chief financial and operating officer for treasury services, reporting to Barker.
Robin Vince, vice chair of BNY Mellon and CEO of global market infrastructure, says:
"Jennifer's comprehensive understanding of the entire treasury ecosystem, combined with her strong client focus, makes her the ideal leader to build upon the success and growth our treasury services business is experiencing.”
He adds: “Her established leadership in digital initiatives will amplify the investments in technology and partnerships with fintechs that we are making to ensure our offering remains both nimble and market-leading."
