According to an announcement, Marina Lewin has been named head of Global Sales and that Steve Farlese has been named head of Global Service Delivery. Both are new positions within the business. Lewin and Farlese will continue to be based in New York City and report to Brian Ruane, BNY Mellon AIS chief executive officer.
“The alternative asset management business is undergoing enormous change, and Marina and Steve have the knowledge and skills to help us both navigate these waters and maintain our strong growth around the world,” said Ruane. “Each has long been a key contributor to our success serving clients’ varied and complex needs – a success that has led to us tripling our assets under administration in just over three years.”
Lewin will oversee new business development teams globally across all AIS business areas – hedge funds, private equity, and fund of funds administration and custody. Before joining BNY Mellon in 2000, Lewin held senior roles at JPMorgan and Deutsche Bank in operations management, product management and product development.
Farlese will have responsibility for all aspects of global operations within AIS, including NAV production, investor services, portfolio accounting, and all other operational client deliverables for single manager, fund of funds, and private equity products. He has been with BNY Mellon for 15 years, formerly responsible for managing unit investment trust services and exchange traded funds.
BNY Mellon Alternative Investment Services has more than $350 billion of assets under administration and an extensive global presence, including locations in Bermuda, the Cayman Islands, Guernsey, Hong Kong, Ireland, Japan, Luxembourg, Poland, Singapore and the United Kingdom, as well as U.S. offices in five states.
In addition to alternative asset administration, BNY Mellon offers a wide range of cash management, foreign exchange, collateral management, trust, operational outsourcing and custody services to the alternative investment industry.