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Article: #2. KAREN PEETZ; CEO Financial Markets, Treasury Services, BNY Mellon.
- Article from:
- US Banker
- Article date:
- October 1, 2009
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Byline: Alan Kline
The financial market meltdown of September 2008 was a career-ender for some Wall Street bankers, but for Karen Peetz and her team at BNY Mellon, it was the opportunity of a lifetime.
Peetz, who had been head of BNY Mellon's financial markets and treasury services group for three months, was on vacation that fateful week of Sept. 15, when Lehman Brothers failed, a leading money-market mutual fund "broke the buck," and AIG collapsed into the government's arms.
Unable to relax, Peetz cut her trip short and returned to her New York office, partly to calm her troops, but also to assess how BNY Mellon could help with the ensuing ...
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... ... base - particularly within the CDO sector, where BNY will begin working toward a near-term goal of 60% market share, Karen Peetz, executive vice president and head of corporate trust at BNY, said at the time. In an asset swap agreement, JPMorgan acquired ...
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