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The Bank of New York Mellon Names Eric Kamback to Head Treasury Services

The Bank of New York Mellon today announced the appointment of Eric Kamback as chief executive officer of its Treasury Services group. Previously deputy head of Treasury Services, Kamback assumes responsibility for the company’s global payments, trade services and cash management businesses, succeeding Robert W. Stasik, who is retiring after 35 years of distinguished service to pursue other opportunities.

Kamback joined The Bank of New York Mellon in 1980, and has had a significant role in the growth of a broad range of The Bank of New York Mellon businesses, including mutual funds, asset servicing, corporate trust, and shareowner services. In recent years he has focused on the development of technology-driven products and services, notably in the areas of global mass payments, global remittances and image-based deposit products, and increasing the global presence of the Treasury Services group, significantly expanding its client base in Europe, Asia and the Middle East, as well as the Americas.

A frequent speaker at international conferences and a featured participant at industry roundtables around the world, Kamback has fostered a business-wide focus on industry leadership and participation, facilitating Treasury Services group involvement in a number of domestic and global industry organizations.

Members of the Treasury Services management team reporting directly to Kamback include Howard Bascom, head of Global Trade Finance & Credit Support Services; Tony Brady, Global Cash Management and Pittsburgh Executive Officer; Al Briand, Global Product & Strategy Manager; Michael Cross, Marketing Manager; David Cruikshank, Manager, Treasury Services Sales/International Payment & Trade Services; and Joanne Scheier, chief administrative officer.

“Treasury services are integral to our relationships with customers around the world, and Eric’s appointment will ensure strong leadership and a continued emphasis on innovation and client focus,” said Karen B. Peetz, chief executive officer of Issuer, Treasury & Broker-Dealer Services. “Our strong market position reflects Bob’s ability to consistently anticipate and respond to client needs in a changing treasury services environment. We’re fortunate to be building on the legacy he helped create.”

“Thanks to our successful integration, we have a great Treasury Services organization in place. And with the two leaders of that process serving on our new management team — Al Briand as product and strategy manager and Tony Brady as head of our 1,400-person operation in Pittsburgh — we’re well positioned to execute on our growth strategy,” Peetz said.