JPMorgan veteran Jennifer Barker has been named chief executive officer of the Treasury Services division of Bank of New York (BNY) Mellon.
The banking giant announced the appointment Wednesday (Feb. 16), saying the role will have Barker overseeing the company’s domestic and cross-border payments, U.S. dollar clearing, trade finance and liquidity management capabilities to clients in the Asia Pacific region, Europe, Middle East and Africa, and the Americas.
“Jennifer’s comprehensive understanding of the entire treasury ecosystem, combined with her strong client focus, makes her the ideal leader to build upon the success and growth our Treasury Services business is experiencing,” says Robin Vince, vice chair of BNY Mellon and CEO of global market infrastructure.
BNY Mellon say Barker’s chief responsibilities will include building on the bank’s “paper-to-digital” journey, which recently has involved deploying real-time eBills and payments for retail consumers in the U.S., and becoming the first bank in the country to support the SWIFT Go cross-border payments system.
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“SWIFT has unique assets, including both global and domestic reach via connectivity to financial institutions around the world, expansive data and unparalleled resiliency,” said Paul Camp, Barker’s predecessor, said last year. “Unlocking the value of these assets will bring significant value to our global clients.”
BNY Mellon says Barker comes to the bank with nearly two decades of experience in treasury services in the U.S. and Asia. At JPMorgan, she held a variety of commercial banking and payment roles, most recently heading the client services and implementation operations at the firm’s payments business.
She is set to begin her role at BNY Mellon May 2 of this year, and will become a member of the bank’s executive committee. Interim Treasury Services Chief Executive Officer Paul Adamo, who took on the role when Camp departed for a new position at Wells Fargo, will go back to his previous role as the treasury service’s COO and CFO.
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