BNY Mellon sets up global innovation group
BNY Mellon’s treasury services business has created a global innovation group and appointed Christopher Mager to lead it.
Previously, Mager was head of market segments in the treasury services business.
BNY Mellon says Mager – a managing director – “is responsible for driving treasury services’ global innovation process which includes management of strategic innovation projects, identifying and screening promising business concepts, evaluating and implementing new technology, assessing fintech firms, and developing and guiding the group’s thought leadership around emerging payment technologies such as blockchain and distributed ledgers”.
Mager reports to Anthony Brady, the bank’s managing director and global head of product management, treasury services.