BNY Mellon Asset Servicing has appointed Michael McAuley to the newly-created position of managing director and senior business strategist for the global securities lending business.

McAuley will be based in Boston for the post and will report to Kathy Rulong, executive director of securities lending. In this role, he will be responsible for the securities lending business' efforts to identify and capitalize on new opportunities.

BNY Mellon Asset Servicing offers asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, as well as execution services. It has $25 trillion in assets under custody and administration and $1.17 trillion in assets under management.