BNY Mellon has appointed Ned Siegel as Senior Sales Executive for its Private Equity and Real Estate (PE&RE) Fund Services unit.
He will cover the Americas and reports to Marina Lewin (pictured), global head of new business development, BNY Mellon Asset Servicing, and segment head, Alternative Asset Managers.
Ned joins from State Street, where he worked for 22 years in senior business development and relationship management roles in areas including private equity and real estate administration.
“We expect the real estate and private equity industry to grow significantly in coming years. The majority of funds in the sector are yet to outsource back office operations, and are increasingly looking to make this step in order to maximise efficiency and provide the high level of service and reporting their clients demand,” said Lewin.
“Given the strategic importance of leveraging anchor clients, such as Deutsche Bank, to grow our private equity and real estate fund administration business, Ned’s extensive experience and industry network will be a tremendous asset to the team,” said Alan Flanagan, recently named global head of Private Equity & Real Estate Fund Services at BNY Mellon.
