BNY Mellon’s Pershing has announced the appointment of Cécile Nagel as Chief Executive Officer of its EMEA business, Pershing Limited. Cécile will become a member of Pershing’s global Executive Committee and will be based in London. Her appointment will be effective October 2022, subject to customary regulatory approvals.
Cécile will lead the EMEA management team to realise the business’ next phase of growth, unlocking opportunities for Pershing Limited in the UK, Channel Islands and Ireland to partner with financial institutions and provide leading custody, clearing, settlement and trading solutions to them.
Cécile is a highly experienced business leader, with deep expertise in technology, and has a proven track record in driving growth and transformation in regulated industries. Cécile is currently the CEO of the European Central Counterparty (“EuroCCP”), a role Cécile has held since 2018. She consolidated EuroCCP’s position as a leading pan-European cash equities central counterparty, providing clearing services to 47 trading venues across Europe. She led the launch of its clearing equity derivatives service and oversaw the EuroCCP’s acquisition by Cboe Global Markets in July 2020.
Prior to leading EuroCCP, Cécile held several senior management roles at the London Stock Exchange Group, Oliver Wyman, and the former Financial Services Authority. She holds a Master’s in Management from ESCP Business School and is a CFA charter holder.
Jim Crowley, Chief Executive Officer, Pershing, commented: “We are delighted to welcome Cécile to Pershing as CEO of our EMEA business. Following a competitive selection process, we have chosen a high-quality industry professional who shares our vision for growth. Cécile has a demonstrable track record of leading successful, technology-enabled businesses and their people to deliver outstanding client service to financial institutions, safely and efficiently. Pershing in EMEA is in a genuine position of strength as the wealth, asset managers and banks we serve continue to undergo structural transformation in the way they deliver investment and advice to clients”.
Cécile Nagel, Chief Executive Officer designate, Pershing Limited, added: “I’m excited to join Pershing’s EMEA business at a critical time for our clients, who are grappling with complex challenges as a result of heightened market uncertainty and changes in the way people and organisations invest their wealth and manage their assets. These institutions already see Pershing as a trusted, long-term solutions provider, and that will not change. I look forward to meeting my new colleagues and building on an impressive growth story for the EMEA business.”