BNY Mellon looks to re-enter FX prime brokerage, say sources

FX Week understands the US custodian is set to step back into the sector, as Jason Vitale joins the firm

Bank of New York Mellon on Wall Street
Jason Vitale is understood to be heading to Bank of New York Mellon

Bank of New York Mellon is looking to re-enter the foreign exchange prime brokerage (FXPB) business following the appointment of Jason Vitale, formerly co-head of listed derivatives and markets clearing for Europe at Deutsche Bank, FX Week understands.

Sources also told FX Week that Mike Cooper is due to join BNY Mellon, having resigned from Deutsche, where he is European head of FXPB.

Vitale resigned from the German bank in December 2016. He is understood to now report to Michelle Neal,

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