Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
In his new role based in Mexico City, Garay will oversee the company's expansion and will be responsible for operations, client service delivery and general management of BNY Mellon
Corporate Trust in Mexico.
BNY Mellon's
corporate trust business services nearly $12 trillion in outstanding debt from 58 locations in 20 countries.
Wells Fargo
Corporate Trust Services Mortgage Markets Group
The trust division manages some $5 billion in
corporate trusts.
The notes are issued by Perpetual
Corporate Trust Limited in its capacity as trustee of La Trobe Financial Capital Markets Trust 2015-1.
7 April 2017 - US-based financial services firm Amalgamated Bank of Chicago has completed its acquisition of the former Seaway National Bank's
corporate trust accounts from State Bank of Texas, the firm said.
"Following the initial 10-year $1 billion senior unsecured drawdown under the programme back in December 2012, Qtel has subsequently issued two more notes, including 30-year $500 million notes, and therefore marking a significant milestone for corporate debt issuers in Qatar," said Giambattista Atzeni, Vice-President and Senior Relationship Manager for MENA & Turkey,
Corporate Trust at BNY Mellon.
However, our
corporate trust area that serves as trustee and paying agent for tax-free bonds has slowed down as the economy has slowed down, and our nontinterest income has declined.
Nye would focus on expanding the bank's
corporate trust services for regional issuers and intermediaries.
"His expansive knowledge and considerable credentials provide additional support to our long standing and growing
corporate trust practice."